Muslim schoolboy rejects £5million from American investors for money-saving website

Mohammed launched his first business at the age of 12 (Photo: Ben Furst/Mercury Press)

A Muslim schoolboy has rejected a multi-million pound offer from American investors for his latest business venture before it has even launched.

Mohammed Ali, 16, from Dewsbury, West Yorkshire, is set to unveil a money-saving website with his 60-year-old business partner, Chris Thorpe, and insists its value will soon outstrip the £5million the pair were offered.

The techno-smart teenager has already made more than £40,000 by creating his own video game and a financial app for the stock market after teaching himself how to code.

Ali claims the price comparison site is unmatched by competitors and can become a “household name”.

The sixth-form student said: “We met the investors in London, they were a global data driven company, and they didn’t realise I created all the technology involved.

“The offer was rejected in December, just before Christmas.

“The main reason we rejected the offer was because, if the technology and concept is worth millions already, just think how much it will be worth once people use it.

“I understand this is a big risk for me but I want to create this as a household name, and at the same time make something for myself.

“The big thing about what we’re doing is that there are no competitors – this is a real-time money saving expert – it’s like a Bloomberg for the general public.”

For the latest venture, , Ali said he “developed an algorithm which provides real-time quotes instead of the normal fixed quotes you find on insurance sites.”

The site is designed to alert both buyers and sellers of available products, everything from properties to electronic items, with constantly updated prices.

Set to be launched on 28 January 2017, the young entrepreneur said he now hopes to inspire other teens to get involved in the business world.

The teenager, who is studying Law, Geography and English A-levels, said he tried to act responsibly with his money.

The student said the majority of his hard-earned cash is placed in a savings accounts to help fund his business ventures.


As you’re here…

5Pillars have one humble request from you…

Thousands of Muslims around the world visit our website for news every day. Due to the unfortunate reality of covering Muslim-related news in a heightened Islamophobic environment, our advertising and fundraising revenues have decreased significantly.

5Pillars is editorially and financially independent, with no sectarian or political allegiance to any particular group or movement. Our journalism has been exclusively grassroots focussed and our sole purpose is to defend Islam and Muslims in the media.

This makes us unique in comparison to other online Muslim media outlets who are neither independently regulated by a reputable body nor are they managed by qualified journalists.

Our journalism takes time, money and effort to deliver. But we do it because we believe we have a duty to Allah (swt).

You may not agree or like everything we publish. However, which other Muslim news site that is run by experienced journalists will take on the responsibility of being a shield for Islam and Muslims in the media?

If you follow 5Pillars, and you understand its importance in today’s climate, then please support us for as little as £5 a month, it only takes a minute to make a donation. Jazakallah khayran.

Our beloved Prophet Muhammad (peace be upon him) said:“The best deeds are those done regularly, even if they are small.” [Ibn Mājah]



Add your comments below