Ummah Finance is going to be the first UK born Islamic bank solely setup & operating from fintech Capital, London.
At Ummah Finance we are embracing the future of technology, and we are currently creating a mobile banking service for all Muslims. Our ambition is to transform the way Muslims in the UK bank. Ummah Finance aims to provide a safe and user friendly mobile bank, incorporating all features of a standard bank, but making it Shari’ah Compliant. Ummah Finance mobile application will be available in App Store and Google Play Store.
Currently 40 banking services offering Islamic banking solutions in the UK in total. None of these offer a fully mobile AND 100% Sharia compliant banking service.
“Technology is changing our lives and banking is no different – it is now easier than ever for us to check our balances, pay our friends and manage our money. The rapid take up of apps and mobile banking appears to be a real game changer for the British public.”
Anthony Browne, Chief Executive of the BBA
Little account has been taken of the needs and preferences of Muslim clients, especially with regard to those who wish to respect the Shari’ah which prohibits interest based transactions.
Can we create the first UK based mobile Islamic bank that will be 100% Shari’ah Compliant?
Ummah Finance was founded with a vision to help people achieve their financial goals and aspirations in a way which does not compromise their faith and values; we also aim to support the growth of the Islamic finance industry in the UK. Our focus is on creating a mobile channel where you can constantly manage their money from anywhere.