Islamic Banking with a peace of mind - REDmoney Events · Niyyah (Arabic: ةیّن, variously...
Transcript of Islamic Banking with a peace of mind - REDmoney Events · Niyyah (Arabic: ةیّن, variously...
![Page 1: Islamic Banking with a peace of mind - REDmoney Events · Niyyah (Arabic: ةیّن, variously transliterated niyyah, niyya [ˈnɪj.ja], "intention") is an Islamic concept: the intention](https://reader036.fdocuments.in/reader036/viewer/2022081601/60f9f7d2b912a039a21092b2/html5/thumbnails/1.jpg)
Islamic Banking with a peace of mind
![Page 2: Islamic Banking with a peace of mind - REDmoney Events · Niyyah (Arabic: ةیّن, variously transliterated niyyah, niyya [ˈnɪj.ja], "intention") is an Islamic concept: the intention](https://reader036.fdocuments.in/reader036/viewer/2022081601/60f9f7d2b912a039a21092b2/html5/thumbnails/2.jpg)
What is Niyah?
![Page 3: Islamic Banking with a peace of mind - REDmoney Events · Niyyah (Arabic: ةیّن, variously transliterated niyyah, niyya [ˈnɪj.ja], "intention") is an Islamic concept: the intention](https://reader036.fdocuments.in/reader036/viewer/2022081601/60f9f7d2b912a039a21092b2/html5/thumbnails/3.jpg)
Niyyah (Arabic: نیّة, variously transliterated niyyah, niyya [ˈnɪj.ja], "intention") is an Islamic concept: the
intention in one's heart to do an act for the sake of
God (Allah)
https://hajjumrahplanner.com/niyyah/
![Page 4: Islamic Banking with a peace of mind - REDmoney Events · Niyyah (Arabic: ةیّن, variously transliterated niyyah, niyya [ˈnɪj.ja], "intention") is an Islamic concept: the intention](https://reader036.fdocuments.in/reader036/viewer/2022081601/60f9f7d2b912a039a21092b2/html5/thumbnails/4.jpg)
We are building a
digital Islamic bank that combines
Islamic belief and
convenience.
![Page 5: Islamic Banking with a peace of mind - REDmoney Events · Niyyah (Arabic: ةیّن, variously transliterated niyyah, niyya [ˈnɪj.ja], "intention") is an Islamic concept: the intention](https://reader036.fdocuments.in/reader036/viewer/2022081601/60f9f7d2b912a039a21092b2/html5/thumbnails/5.jpg)
Why are we building Niyah?
![Page 6: Islamic Banking with a peace of mind - REDmoney Events · Niyyah (Arabic: ةیّن, variously transliterated niyyah, niyya [ˈnɪj.ja], "intention") is an Islamic concept: the intention](https://reader036.fdocuments.in/reader036/viewer/2022081601/60f9f7d2b912a039a21092b2/html5/thumbnails/6.jpg)
Not another Digital Bank
![Page 7: Islamic Banking with a peace of mind - REDmoney Events · Niyyah (Arabic: ةیّن, variously transliterated niyyah, niyya [ˈnɪj.ja], "intention") is an Islamic concept: the intention](https://reader036.fdocuments.in/reader036/viewer/2022081601/60f9f7d2b912a039a21092b2/html5/thumbnails/7.jpg)
How are you different from current Islamic banks?
![Page 8: Islamic Banking with a peace of mind - REDmoney Events · Niyyah (Arabic: ةیّن, variously transliterated niyyah, niyya [ˈnɪj.ja], "intention") is an Islamic concept: the intention](https://reader036.fdocuments.in/reader036/viewer/2022081601/60f9f7d2b912a039a21092b2/html5/thumbnails/8.jpg)
Millions of Muslims are having to choose between their
Belief and Convenience
![Page 9: Islamic Banking with a peace of mind - REDmoney Events · Niyyah (Arabic: ةیّن, variously transliterated niyyah, niyya [ˈnɪj.ja], "intention") is an Islamic concept: the intention](https://reader036.fdocuments.in/reader036/viewer/2022081601/60f9f7d2b912a039a21092b2/html5/thumbnails/9.jpg)
Conventional fintech banks- Convenience
- Digital only and have easy to use Mobile app
- Register for an account using mobile app (8-10 mins)
- Use AI and smart analytics
- Constantly updating/adding features
- Not sharia compliant
![Page 10: Islamic Banking with a peace of mind - REDmoney Events · Niyyah (Arabic: ةیّن, variously transliterated niyyah, niyya [ˈnɪj.ja], "intention") is an Islamic concept: the intention](https://reader036.fdocuments.in/reader036/viewer/2022081601/60f9f7d2b912a039a21092b2/html5/thumbnails/10.jpg)
Conventional fintech banks- Convenience
![Page 11: Islamic Banking with a peace of mind - REDmoney Events · Niyyah (Arabic: ةیّن, variously transliterated niyyah, niyya [ˈnɪj.ja], "intention") is an Islamic concept: the intention](https://reader036.fdocuments.in/reader036/viewer/2022081601/60f9f7d2b912a039a21092b2/html5/thumbnails/11.jpg)
Islamic banks - Sharia compliant
- Limited option and not easily accessible
- Fallen behind on technology advancement
- Mobile app not easy to use
- Only one Islamic bank offers online account registration
![Page 12: Islamic Banking with a peace of mind - REDmoney Events · Niyyah (Arabic: ةیّن, variously transliterated niyyah, niyya [ˈnɪj.ja], "intention") is an Islamic concept: the intention](https://reader036.fdocuments.in/reader036/viewer/2022081601/60f9f7d2b912a039a21092b2/html5/thumbnails/12.jpg)
We believe that
Muslims should not
compromise their beliefs for
convenience
Belief Convenience
![Page 13: Islamic Banking with a peace of mind - REDmoney Events · Niyyah (Arabic: ةیّن, variously transliterated niyyah, niyya [ˈnɪj.ja], "intention") is an Islamic concept: the intention](https://reader036.fdocuments.in/reader036/viewer/2022081601/60f9f7d2b912a039a21092b2/html5/thumbnails/13.jpg)
How?
![Page 14: Islamic Banking with a peace of mind - REDmoney Events · Niyyah (Arabic: ةیّن, variously transliterated niyyah, niyya [ˈnɪj.ja], "intention") is an Islamic concept: the intention](https://reader036.fdocuments.in/reader036/viewer/2022081601/60f9f7d2b912a039a21092b2/html5/thumbnails/14.jpg)
Customer focused
We pride ourselves in being
customer focused to ensure we
build the right product.
We have surveyed over 200 target
customers (2 surveys)
Plan to interview 20 in the next two
weeks.
Preliminary results from our current
survey validate our assumptions.
![Page 15: Islamic Banking with a peace of mind - REDmoney Events · Niyyah (Arabic: ةیّن, variously transliterated niyyah, niyya [ˈnɪj.ja], "intention") is an Islamic concept: the intention](https://reader036.fdocuments.in/reader036/viewer/2022081601/60f9f7d2b912a039a21092b2/html5/thumbnails/15.jpg)
Technology Driven
We are building our Islamic banking
system from scratch.
Most of the Islamic core banking
software on the market today are
outdated.
Complex to install and configure.
Very costly
![Page 16: Islamic Banking with a peace of mind - REDmoney Events · Niyyah (Arabic: ةیّن, variously transliterated niyyah, niyya [ˈnɪj.ja], "intention") is an Islamic concept: the intention](https://reader036.fdocuments.in/reader036/viewer/2022081601/60f9f7d2b912a039a21092b2/html5/thumbnails/16.jpg)
Educate our customers
From our initial customer research
we have identified users want learn
more about Islamic banking.
We have started a blog to explain
Islamic banking to our users.
We are also planning to produce
video material and ebooks.
![Page 17: Islamic Banking with a peace of mind - REDmoney Events · Niyyah (Arabic: ةیّن, variously transliterated niyyah, niyya [ˈnɪj.ja], "intention") is an Islamic concept: the intention](https://reader036.fdocuments.in/reader036/viewer/2022081601/60f9f7d2b912a039a21092b2/html5/thumbnails/17.jpg)
Islamic finance marketplace
We are building a marketplace which
puts our customers in the center of
the wider Islamic finance ecosystem.
Connecting their Niyah account to
other Islamic financial services that
are integrated with Niyah.
Niyah
Investments
Remittance
Mortgages Savings
![Page 18: Islamic Banking with a peace of mind - REDmoney Events · Niyyah (Arabic: ةیّن, variously transliterated niyyah, niyya [ˈnɪj.ja], "intention") is an Islamic concept: the intention](https://reader036.fdocuments.in/reader036/viewer/2022081601/60f9f7d2b912a039a21092b2/html5/thumbnails/18.jpg)
The Muslim Community deserves a better banking experience, that's why we are
building Niyah
![Page 19: Islamic Banking with a peace of mind - REDmoney Events · Niyyah (Arabic: ةیّن, variously transliterated niyyah, niyya [ˈnɪj.ja], "intention") is an Islamic concept: the intention](https://reader036.fdocuments.in/reader036/viewer/2022081601/60f9f7d2b912a039a21092b2/html5/thumbnails/19.jpg)
Islamic Banking with a peace of mind