k Kamran Mahmood · London
Modern apartment building exterior
Vol. III    What's working now Business Four companies · one working thesis
Business · current ventures

The Business.

Better-built homes for renters, run by people who actually care about long-term tenancies; and capital — for builders, savers, small businesses — structured around fair terms instead of standard ones.

Four companies, one thesis. Where MiNC was about acquiring and selling residential property at the right moments in the cycle, the current businesses are about something quieter and slower: re-engineering the rental experience for the tenant, and re-engineering capital allocation for the saver and the small business.

The shared instinct is that the standard products in housing and finance are mispriced for the people who actually use them — and that, with a long enough time horizon, you can do better while making more.

Four companies, one working thesis.

PRS Invest acquires the buildings. Gridizen runs them. The Ethical Crowd structures the money. MiNC Property remains the holding context and the long view on the market.

Modern apartment building PRS Invest
01
Build-to-Rent · 2015 –

PRS Invest

Developments designed for renters, not for resale.

PRS Invest acquires sites and schemes built specifically for the private rented sector. Where housebuilders optimise around the sale moment, PRS Invest optimises around the second, third and fifth year of a tenancy.

The model emphasises community-focused living rather than the typical approach in which "the commercial focus of a development is simply on the housebuilders selling their units to whoever can afford them."

prsinvest.com
  • High-quality, affordable rental housing
  • Integrated property management from move-in
  • Community-oriented development brief
  • Long-term tenant stability over churn
Bright modern apartment interior Gridizen
02
Property Management · sister to PRS

Gridizen

The management arm — paid to keep tenants, not to churn them.

Gridizen runs the schemes PRS Invest acquires. The model is simple in principle and unusual in practice: align the management's incentives with the resident's experience, end-to-end, from sign-up to renewal.

gridizen.co.uk
  • End-to-end resident lifecycle
  • Quality benchmarks, not occupancy targets
  • In-house repairs and onboarding
  • Resident-experience reporting
Hands meeting over a table The Ethical Crowd
03
Alternative Lending · sharia-compliant

The Ethical Crowd

Europe's only sharia-compliant crowdfunded lender.

An alternative lending platform operating outside traditional banking structures. Sharia-compliant lending using crowdfunding principles — the only such model in Europe.

The platform benefits both sides: savers receive competitive returns above typical bank rates, while borrowers enjoy better terms through direct lender competition. For small-to-medium enterprises, it offers flexible repayment based on a percentage of monthly card revenue rather than fixed instalments.

theethicalcrowd.com
  • Crowd-funded peer lending
  • Revenue-share repayment for SMEs
  • Sharia-compliant governance
  • Direct lender competition on terms
London skyline at night MiNC Property
04
Group Holding · 1996 –

MiNC Property

The original — and still the lens for everything else.

MiNC ("Mahmood Incorporated") matured into property management, lettings, furnishings, sales and acquisitions across London, Dubai, Johannesburg and South-East Asia. It remains the holding context for the wider group.

Read the history
  • Residential investment & sales
  • Serviced-apartment portfolios
  • Cross-border acquisitions
  • Sharia-compliant fund structuring
"Different parties, fair terms, the long view."
— The working thesis
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