بِسْمِ اللَّهِ الرَّحْمَنِ الرَّحِيم
NurBank — نور بنك
The First Fully Digital Islamic Community Bank
Zero Riba · Qarz al-Hasana · Sharia-Compliant Financing · UK FCA Regulated
3.9M
UK Muslim Market
Underserved customers
20M+
EU Muslim Market
Expansion target
Year 3
Break-even
75,000 customers
£38M
Year 5 Revenue
At 400k customers
Qarz al-Hasana System — قرض الحسنة
"Who is it that would loan Allah a goodly loan so He may multiply it for him many times over?" — Al-Baqarah 2:245
How It Works — End to End
Donor Pledges
Provider rings off funds into the Hasana Pool
Pool Grows
Community pool accumulates — target £1M Year 2
Borrower Applies
Muslim in need applies with purpose + guarantor
Sharia Check
NurBank checks purpose is Sharia-compliant
Funds Disbursed
Loan disbursed — zero interest, small admin fee
Repaid to Pool
Repayments return to pool — cycle continues
📊 Provider (Donor) Tiers — Conditions & Benefits
Min tenure: 6 months
- Must hold a NurBank account for minimum 3 months
- Account balance must not drop below pledged amount during tenure
- Funds ring-fenced in dedicated Hasana Pool — still shown in your balance
- No profit or interest received — reward is exclusively with Allah (SWT)
- Receive a verified "Sadiq Donor" badge on your profile
- Can withdraw after tenure ends with 30 days notice
- Can choose to renew pledge automatically (recommended)
Benefits
Sadiq Badge · Priority customer support · Annual Hasana Impact Report
Min tenure: 12 months
- All Sadiq conditions apply
- Minimum 12-month commitment required
- Quarterly impact statement showing your funds helped X families
- Named (anonymously if preferred) in NurBank Annual Hasana Report
- Priority access to NurBank Musharaka investment products
- One free will-writing consultation (Islamic will service partner)
- Funds can be split across multiple borrower profiles for risk spread
Benefits
Karim Badge · Quarterly Impact Report · Free Islamic Will Consultation
Min tenure: 24 months
- All Karim conditions apply
- Must complete enhanced KYC (source of funds declaration)
- Sharia Supervisory Board acknowledgement letter issued
- Named in NurBank Mosque Partnership Programme newsletter
- Invited to annual NurBank Wali Donor Circle event (London)
- Can nominate a borrower category (e.g. students, new mothers, small traders)
- First refusal on NurBank Wakala wealth management product
- 2-year lock-in with emergency release clause (proven hardship only)
Benefits
Wali Badge · SSB Certificate · Donor Circle Invitation · Borrower Category Choice
Min tenure: 36 months
- All Wali conditions apply
- Direct meeting with NurBank Sharia Supervisory Board
- Dedicated relationship manager assigned
- Can establish a named Hasana sub-fund (e.g. "The Ahmed Family Hasana Fund")
- Annual Sharia audit certificate for your Hasana contribution
- Invitation to NurBank Board advisory consultation sessions
- Legacy donation option — endow fund as Sadaqa Jariya on death
Benefits
Muhsin Badge · Named Sub-Fund · SSB Meeting · Legacy Endowment Option
Sacred Principles — Why Donors Will Come Forward
Eligibility
- •Must be a Muslim (self-declared, honour system)
- •NurBank account holder for minimum 6 months
- •No active County Court Judgements (CCJs)
- •No existing unpaid Qarz al-Hasana from any source (self-declared + credit check)
- •UK resident with valid address verification
Purpose-Based Lending
- •Approved purposes: medical emergency, education fees, essential home repair, business startup costs, funeral costs, new baby essentials, utility arrears
- •Luxury purchases, gambling debts, or haram-category spending are explicitly excluded
- •Purpose must be declared and evidenced (invoice, letter, quote)
- •NurBank conducts a light-touch Sharia compliance check on purpose
Loan Terms
- •Loan amounts: £200 – £5,000 (Tier 1) | £5,001 – £15,000 (Tier 2 — enhanced checks)
- •Repayment: 6 to 36 months — flexible repayment schedule agreed upfront
- •Zero interest, zero hidden fees
- •Admin fee: £15–£45 flat (covers processing cost only — disclosed upfront)
- •Early repayment welcomed — no penalty
Guarantor (Kafala) System
- •Loans above £2,000 require one Kafil (guarantor)
- •Kafil must also hold a NurBank account
- •Kafil is jointly responsible for repayment if borrower defaults
- •Kafil receives notification 14 days before any missed payment
- •Kafil Kafala is a sacred Islamic obligation — communicated clearly at signup
Repayment & Credit Building
- •On-time repayment builds a NurBank Hasana Credit Score (internal)
- •Good repayment history unlocks higher loan tiers
- •Late payment: reminder calls, community mediator option before legal action
- •Default: referred to Islamic mediation panel before any legal route
- •No interest or penalty charges on arrears — only admin communication cost
Community Accountability
- •Borrower signs a NurBank Hasana Covenant — a moral commitment document
- •Covenant is framed as an Islamic promise (Ahd) — spiritual accountability
- •Anonymised repayment data shared with donor community (aggregate only)
- •Repeat defaulters are removed from the programme — not pursued criminally first
The NurBank Hasana Covenant (Moral Contract)
Every borrower signs a Hasana Covenant — a written moral commitment framed as an Islamic Ahd (pledge). It states: "I take this loan as an Amanah (trust) from my Muslim brothers and sisters. I commit to repay it fully and on time. I understand that defaulting without genuine hardship is a betrayal of trust (Khiyanah) and a sin. May Allah (SWT) make me among those who repay their debts." This spiritual accountability layer — combined with the guarantor system — is NurBank's primary default prevention mechanism.
Why NurBank Wins — vs. Al Rayan, Gatehouse & Conventional Banks
vs. Al Rayan Bank
vs. Conventional Digital Banks (Monzo/Starling)
Unique NurBank Advantages
وَاللَّهُ يُضَاعِفُ لِمَن يَشَاءُ
"And Allah multiplies for whom He wills." — Al-Baqarah 2:261
NurBank Business Plan — Concept by GLCRI | www.theglcri.co.uk | © 2026
