“Can an interest-free, Sharia-compliant mobile bank capture the underserved European Muslim consumer segment?”
Insha is a Berlin-based digital offshoot of Istanbul-headquartered Albaraka Türk Participation Bank, launched in Germany in October 2019 as a mobile-only, interest-free Islamic challenger bank. The product places the daily life of a Muslim at its center, offering savings, donations, and zakat calculations as standard. Albaraka and solarisBank underpin the technology and infrastructure of the offering.
insha discloses Solarisbank as its banking provider, according to the Embedded Finance Index 2026.
insha does not disclose a bank charter of its own; its banking services are provided through Solarisbank.
The Embedded Finance Index 2026 maps 2 layers in insha's stack: Banking / BaaS (Solarisbank); Sponsor bank (Solarisbank).
insha is founded in 2019 and headquartered in Berlin, Germany.
Get a read on where your own stack stands against insha and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.