5 articles tagged “Fintech”
The everyday Islamic current account has become the hardest product in UK halal finance to find. One bank still opens them, two apps imitate them, and the pioneer closed its doors to new customers.
Algbra fills the everyday-banking hole UK Islamic banks left behind: a free, well-built values account with a genuinely clever FSCS-protected savings bridge. It is also not a bank, and has no named scholars.
Real-time halal screening, zakat and purification tools no competitor matches, a Maybank Islamic partnership, and a 2.50% reward that is not what it looks like. Kestrl is promising, and it is early.
One built the better everyday account; the other built the better faith toolkit. Neither is a bank, both are honest about it, and the right answer for many users is embarrassingly simple: run both.
The banks have FSCS protection, scholars and rates; the apps have design, screening and zero minimums. The right split is not a compromise, it is a structure, and it takes ten minutes to build.