Mizan Money
Brand Story

What is Mizan?

Mizan is an Arabic term for ”balance”. Our aim is to put a financial balance in our everyday lives. It’s a “neo” way to: borrow better, spend better, save better & invest better.

So, naturally, our first challenge will be focused on spending. With “Mizan - Pay later” you can easily spread your payments without worrying about interest.

Micro-lending &

Investment

Zero-interest

Application for

Novice.

Where faith meets finance

What is
a Neobank?

“Time” at it’s essence, is money. At Mizan, we set sail to disrupt traditional banking ways which has costed us the most important currency; TIME.

We are tired of those long queues, 9-4 customer service, hidden-fees, tricks and cost of accessing halal credit. At Mizan, we embarked on a journey to help people make more out of their money without the need of physical human interaction.

Different by traditional design, we are not building a bank but more. A mobile first, customer-obssessed, innovative financial technology company that is built on 100% islamic shariah legal framework. That’s neobanking.

Halal Certification

To find the best, we spoke to different experts around the world and appointed Shariah Review Bureau (www.shariyah.net) as an independent shariah board to oversee our shariah compliance.

First shariah compliant buy now pay
later in Africa.
Globally recognized shariah
independent audit committee.
Shariah compliant investment banking
(coming soon).
Sukuks, and Islamic fund structuring
(coming soon).
Shariah merchant & corporate
banking (coming soon).

Money outside the box

Our Ethos

Mainstream? No, thanks. We are on mission to change your relationship with the word «Bank». The B-word is outdated and relatable to stress, and outdated financial products.

To remove the exisiting frictions and painpoints of the traditional banking sytems, we asked over 1,000 millenials what they would like from modern financial technology company, and we listened.

We started off by committing to no hidden fees, tricks or catches, just a simple way to navigae your money.Our purpose is to help people make more out of their money, and spend smarter.

Mizan Knowledge Central

We understand your busy lifestyle, we understand that in as much as Mizan will do the heavylifting on your finances, you’d love to learn a thing or two about , “sukuks” or islamic bonds.

We are busy curating a free learning experience to ensure you are upto date with say “ESG,Stock investing, blockchain and future of finance”, through
MizanLearn, our exclusive in-app content platform.

First Sharia compliant BNPL

What is Halal BNPL?
Buy now pay later?

The client purchases only permitted goods/services from mizan via the merchant with a cost plus financing structure (Murabaha) or no cost plus financing structure (Tawliyah).

Our customer will then enter into a separate service agreement (Ujrah) for mizan to manage the transaction on behalf of the client in exchange of a fixed predetermined service fee.The client purchases a Takaful (Islamic indemnification policy) if required to cover for credit default and warranties for goods/services.

The client signs two separate shariah-compliant and approved agreements in order to conclude and execute an effective Shariah compliant Murabaha transaction.

Mizan will have a separate shariah agreement to purchase the goods/services from the merchant under a valid shariah-compliant purchase/sale agreement (Musawamah) and Wakalah (agency) mandate to manage the subsequent sale/purchase to the end user client