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Goldframer, a Turkish-based Islamic fintech startup, has unveiled a platform aimed at democratizing investment in Islamic art.
The platform seeks to broaden access to investment-grade Islamic art by allowing investors to acquire fractional shares in high-value artworks. It offers the opportunity for multiple collectors to co-own individual pieces and features a range of Islamic art forms, including calligraphy (Husn-i Hat), Miniature, Illumination (Tazhib), Ebru, and Islamic World Paintings.
Goldframer also provides educational tools to assist investors in understanding the art market, evaluating artworks, and making informed decisions. Each transaction is recorded on the blockchain to ensure transparency and security.
Dr. Melih Turan, co-founder and CEO of Goldframer, states, “Our mission with Goldframer is to connect traditional art with contemporary investors. Despite the high demand, Islamic art often sells for less than its true value, and we aim to rectify that.”
The company is targeting a global audience of 100 million Islamic finance investors, focusing on MENA, Southeast Asia, and Western markets.
The latest Knight Frank Global Wealth Report indicates that art has more than doubled in value over the past decade and was the top-performing asset class in 2023, growing 11% year-on-year, ahead of jewellery, which grew 8%.
