Our Solutions in Islamic Finance

Explore how Baraqa is redefining digital finance with personalized, Sharia-compliant solutions that put users first by enhancing accessibility and convenience.

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Nyla

Africa’s first digital Islamic neobank, Nyla, targets the continent’s 450 million Muslims with Shariah-compliant financial products. It offers Shariah-compliant wallets, P2P transfers, bill payments, remittances, and cards (NylaCard). With over 33,000 users on its waitlist, Nyla is poised to transform Islamic banking across Africa and beyond.

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NylaBank mockup

NylaPay

NylaPay is a Shariah-compliant payment app for Zakat (obligatory charity) and Sadaqah (voluntary giving), enabling seamless, direct contributions to verified beneficiaries with transparency. Users can calculate, pay, and track their contributions in real time. Aiming to formalize and scale giving, NylaPay targets the $1 trillion global Zakat and Sadaqah market to maximize social impact.

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NylaPay mockup

Nyla AI

Our AI-powered assistant is seamlessly integrated across all our products, guiding users through our apps, providing access to features, answering service-related queries, and offering financial literacy on Islamic banking and finance.

Nyla AI mockup