Redefining banking for Muslim customers: Kestrl’s fintech breakthroughs

Kestrl, a UK based Fintech company, is reshaping how banks cater to Muslim customers by integrating personalised, faith-aligned services directly into banking apps.

Addressing the unique needs of Muslim consumers, Kestrl’s innovative solutions include automatic budgeting, Zakat calculation, Shariah investment screening, AI chatbot Muftis and customised saving pots tailored to individual spending habits.

One of Kestrl’s standout innovations is an alternative credit scoring system that assesses creditworthiness based on spending habits rather than traditional metrics. This inclusive approach opens up financial opportunities for more customers, giving them access to products that were previously unattainable.

Kestrl collaborates with banks to integrate these cutting-edge features into their consumer apps. By harnessing enriched data and delivering real-time insights, Kestrl enhances user experiences and provides personalised recommendations. This partnership allows banks to offer significant value, including improved financial management tools, comprehensive Zakat utilities and Shariah-compliant investment options.

Kestrl serves banking clients across the UK, Malaysia, Pakistan and the GCC, with recent success integrating Zakat calculation and Personal Financial Management (PFM) tools into the Emirates Islamic Bank’s app in the UAE.

Kestrl’s dedication to innovation and inclusivity is revolutionising the financial landscape for Muslim consumers globally. By making financial management, investment opportunities and daily banking more accessible and efficient, Kestrl is setting a new standard for delivering financial services with proficiency and technological excellence.