Insha Bank Germany

Turkish german ethical banking startup insha gets 2 5 million to expand across europe by annie musgrove october 20th 2020.

Insha bank germany. The startup is actually a digital offshoot of albaraka türk participation bank. Insha is a spin off of the traditional bank albaraka. We got an exclusive look at the pitch deck islamic finance challenger bank insha used to raise 3 million in seed funding. We would like to show you a description here but the site won t allow us.

A first in europe. Turkish lender kuveyt turk launched germany s first full fledged islamic bank in 2015 but islamic finance has been slow to gain a foothold in mainland europe due to a fragmented market and lack. Swiss and overseas banks. Insha founded in 2018 is currently available in germany with the.

Insha based in berlin instead charges fees for atm withdrawals and certain money transfers which enables its core service to be free. Insha launched in 2018 and since the beginning of 2020 the number of users has grown by more than 300 to 40 000 in germany. The new face of interest free digital banking. The app is currently available in germany with other countries including the uk soon to follow.

Read on to find out more about the insha current account to help you decide if it s the right option for you. The challenger bank launched in germany in 2017 is a subsidiary of the istanbul based albaraka türk participation bank. Citibank privatkunden düsseldorf since december 2008 part of french crédit mutuel bank citigroup global markets deutschland corporate bank frankfurt. Insha claims to be the first interest free digital bank in europe based in berlin the bank is a digital offshoot of istanbul headquartered albaraka türk participation bank and was first developed in mid 2017 for the turkish market.

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