Insha is a digital bank with a strong emphasis on ethical and interest-free banking compliant with Islamic finance principles. It operates as a mobile-only platform, targeting users who seek a bank that aligns with their values, particularly in regions where conventional banking doesn't meet their faith-based requirements. Insha provides a suite of standard banking features, such as account opening, money transfers, and bill payments, all conducted through a user-friendly mobile app. Furthermore, it offers unique features like charitable giving options directly from the app and investment opportunities that are Sharia-compliant. Key selling points of Insha include its commitment to ethical financing, transparency in transactions, and a focus on community and social welfare. The service is designed for ease of use and accessibility, aiming to serve its customers with innovative technology without compromising their ethical standards.
Insha is currently available for residents of the following countries:
Germany
24/7 availability- anytime, anywhere
No matter where you are, at home or abroad, you can access your Insha account via the app, check your account balance, control your savings, get customer support, make payments and even freeze your debit card if needed. In addition, get real-time notifications every time you make a transaction, so there won’t be any surprises at the end of the month. No need to make appointments, stand in line and lose working hours to manage your finances.
Get approved fast
Opening an account with Insha is simple, with no lengthy paperwork. Just download the app, prove your identity, top up your account and you’re ready to go. Insha doesn’t require a copy of your credit history to approve your account, meaning you can open an account and get approved in minutes.
Lower fees
Another main reason to use Insha is the low (or no!) fees. Insha has no physical branches, therefore they can offer lower fees than traditional banks – especially when it comes to ATM withdrawals, money exchange/transfer and payments abroad. For example, Insha offers zero fees on all transactions, including purchases made overseas!
Makes traveling easier
Insha = borderless banking. Low/no exchange rates and low/no ATM withdrawal fees worldwide make traveling a whole lot easier (and cheaper) than with traditional banks- especially in the eurozone. And for added safety, freeze or unfreeze your debit card while you travel, directly in the app.
Go paperless
One of the frustrating things about traditional banks is the amount of documents, contracts and letters that are sent to your mailbox. With Insha everything you need is in the app and all communications are sent to your app or your email. Gone are the days of rummaging through piles of paper around your house – and protecting the environment is the cherry on top.
New 8 comparisons for Insha
