Kestrl: Muslim Money App 1.3.3

Kestrl is an application designed to assist Muslims in managing their finances in accordance with their values. The platform offers tools to budget, save, and invest, addressing the unique challenges faced in the realm of Islamic finance.

Financial services tailored for Muslim communities have historically been marred by issues such as elevated fees, subpar service quality, and ambiguity surrounding what qualifies as 'Islamic'. Consequently, trust in Islamic finance offerings within these communities has remained notably low. Kestrl emerges as a potential solution to these prevalent concerns.

• Save for your goals: Utilize Kestrl's budgeting tool to effectively plan and allocate your funds based on your income and spending patterns, optimizing your financial resources.
• Streamline account management: Seamlessly connect all your bank accounts through Open Banking, granting you consolidated visibility over your transactions in one centralized location.
• Monitor bills and payments: Remain vigilant of your recurring payments with Kestrl's oversight, minimizing the risk of overdrafts and unnecessary subscriptions.

Not stopping at budgeting capabilities, Kestrl teases upcoming features including halal savings accounts and an ethical, Sharia-compliant marketplace.

Kestrl proudly champions Sharia compliance, emphasizing the importance of aligning products and operations with Islamic values. To uphold this commitment, Kestrl enlists Mufti Faraz Adam of 'Amanah Advisors' as the official Sharia advisor and issuer of the Sharia Compliance Certificate.

Security is a paramount concern for Kestrl:

• Read-only access: Your banking data remains strictly read-only within the application, ensuring that no manipulations or transactions can be carried out by external parties. Additionally, Kestrl does not retain or access your banking credentials, guaranteeing the security of your sensitive information in case of any security breaches.
• Bank-grade encryption: Kestrl leverages advanced security protocols, including 256-bit TLS encryption akin to major banking institutions, to safeguard minimal personal data such as your name and email address.
• FCA registration: Operating under the oversight of TrueLayer, a registered Account Information Service Provider authorized by the Financial Conduct Authority (FCA), Kestrl reinforces its commitment to compliance and accountability within the financial sector.

To delve further into Kestrl’s Terms of Use, visit their documentation at https://kestrl.io/docs/terms-of-use.