Unlike most of the fintech solutions sprouting across Africa, the solution chose to add Sharia-compliant products and services. 

HalalVest is a fintech solution developed by a Nigerian start-up. It facilitates access to financial services such as savings, loans, investments, insurance, pensions, and payments. 

As a Halal-friendly solution,  the fintech works with financial institutions to help them list their Sharia-compliant products. It facilitates electronic payments and the collection of Islamic alms like zakat, sadaqah, and waqf. It aims to democratize access to interest-free financial products and services.

“We are focused on building and sustaining long-term access to ethical financial products and services. [We aim] to be a leading Non-Interest Fintech Bank in Africa and Middle East region,” the solution indicates on its web platform. 

Users can sign up for HalalVest's services through their Android app by completing a specialized form. After verification, they gain access to a variety of ethical savings and investment plans from multiple providers. HalalVest serves as a convenient platform for accessing traditional financial services and more. Through their web platform and mobile app, users can conveniently transfer funds to any bank globally.

The fintech claims a thousand members and serves around 5 countries in Africa and the Middle East. According to Play Store, its mobile application has already been downloaded over 100 times.

Adoni Conrad Quenum