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Cases / Investment funds & advisory

Halal Capital LLC

Jebara Igbara (aka Jay Mazini)

ReportedNov 2, 2022
LocationEdgewater, NJ
Amount$8,000,000

This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.

Company / entity
Halal Capital LLC
Industry
Promissory notes for purported Quran-compliant wholesale goods resale (electronics, PPE)
How investors were recruited
Members of the Muslim community in the New York area, leveraging trust within the community; he was an Instagram influencer
Pitch & red flags
promissory notes offering "guaranteed, significant returns"; marketed as Quran-compliant (halal) investing

Pitch phrases from this case

Source

SEC official

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