insha
“Can an interest-free, Sharia-compliant mobile bank capture the underserved European Muslim consumer segment?”
Founded2019
HQBerlin, Germany
IndustryFintech / Neobank
The story
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.
Last 12 months
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Product timeline
2017
Concept developed for the Turkish market by Albaraka Türk Participation Bank· banking
2019
Launched in Germany as mobile-only interest-free Islamic challenger bank, claiming to be Europe's first· banking
The stack
2 layers disclosed in insha’s embedded-finance stack
Banking / BaaS
Sponsor bank
in the full report
Accounting gap: none
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.