Omer Bin Ahsan, founder and CEO of another Shariah-compliant fintech Haball said there was immense potential in the country’s fintech space, but most of transactions were undocumented.
According to Ali, Alif looks to offer BNPL, short term loans , B2B finance and remittances services.
By then, they have become the members of cross-border money transfer systems and launched online.alif.tj, an online banking solution in Tajikistan for individuals.
The discovery led to an understanding of the credit ecosystem for BNPL, the banking offering, and an overview of the gaps that could be supported by a fintech, particularly one with a Shariah compliant and strong customer centric mindset.
“Alif had already identified that the situation was ideal.
“Yet, it was obvious that the young force, be they freelancers or individual contributors, were tech-savvy.
A disruption was inevitable.
“Alif was well-placed to do this, with its entirely in-house developed solutions.