Kestrl
Muslim money app helping users grow wealth without interest.
Muslim money app; UK + Malaysia.
- Who holds it
- An e-money institution holds your balance in a safeguarding account — Accounts and cards issued by AF Payments Ltd, FCA-authorised e-money institution (FRN 900440).
- The ledger
- The e-money institution’s own ledger.
- If it fails
- Safeguarded funds are returned in administration — ring-fenced, but access can be frozen and slow.
Derived from Kestrl’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional · faith-based |
| HQ | London, UK |
| Founded | 2019 |
| Custody | Custodial |
| Regulation type | E-money institution |
| License detail | Accounts and cards issued by AF Payments Ltd, FCA-authorised e-money institution (FRN 900440) |
| Card | No card |
| Yield | Halal savings |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Europe |
| Founders | Areeb Siddiqui, Daeng Termizi |
Verified links: official site ↗
Common questions about Kestrl
What is Kestrl?
Kestrl is a fiat neobank built for faith-based, headquartered in London, UK and founded in 2019. Your money is held custodially, so Kestrl or its partner bank holds the balance and you hold a claim on it. It is regulated as an e-money institution (Accounts and cards issued by AF Payments Ltd, FCA-authorised e-money institution (FRN 900440)).
Does Kestrl have a card, and where can you use it?
It issues no card of its own. It is available in Europe.
Does Kestrl require KYC?
Yes. Kestrl requires identity verification (KYC) to open an account, as a e-money institution.
What does Kestrl cost?
From the verified fields: yield Halal savings. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Kestrl before relying on them.
Head-to-head
Peers
Monzo · Wise · Starling Bank · Atom Bank · Zopa Bank · Chase UK
Kestrl appears in
Neobanks authorised as e-money institutions (48) · Neobanks available in Europe (144) · Faith-based and Islamic neobanks (7) · Neobanks with no card of their own (67) · Neobanks in United Kingdom (29)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.