Open Banking and Halal Payments
summary
Claims a Sharia-based payments ecosystem and Canadian super‑app that uses bank APIs to stitch customers’ dispersed accounts into services like Zakat automation and Islamic inheritance (wasiyat) computation. It aggregates existing halal fintechs under three onboarding checks — Sharia compliance, cybersecurity and local regulation — and targets a large unbanked Muslim market; cites a $3.374 trillion Islamic finance market and a $37.77B open‑banking forecast to 2025. Trust remains the main barrier to adoption.
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chapters (15)
- 0:00Halal payments and Open Banking intro
- 1:38What is Halal Payment and Open Banking
- 3:44Global Open Banking growth
- 4:45Sharia compliance beyond Muslims
- 6:34Benefits for Islamic institutions
- 7:38Zakat and inheritance solutions
- 9:24Sharia-compliant solutions and gaps
- 10:28Halal payments beyond Muslims
- 11:13Building Halal payment platform
- 13:21Aggregator opportunities
- 14:25Regional Open Banking progress
- 15:50SMEs and Sharia-compliant loans
- 17:35Trust in Open Banking
- 19:19Lessons learned and future
- 20:26Closing remarks
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