Aladin Bank is expanding its digital collaboration with strategic partners from the Sharia finance ecosystem (farzand01 / Shutterstock)

Islamic Finance

Indonesia’s Aladin Bank to launch app for its Sharia-compliant services


Having raised $36 million through an IPO in February last year, Aladdin says the new app will offer a profit sharing scheme (mudarabah contract), no minimum balance for opening a new account and no fees on many services.

 

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tags:

Islamic banking
Digital