Neobank Fair Provides the USA’s First Halal Banking Experience  

Fair, a new digital bank (neobank) in the United States of America provides its customers with the first Halal banking experience in the country, focused on non-interest lending and ethical investments. Fair’s digital finance platform is the only one in the USA to be certified in Islamic Finance by the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI).

Why it Matters?

The Fair platform aims to focus on banking practices that support accessibility to financial instruments by underserved segments of the economy and also contribute to the wealth gap. Fair’s Founder and Chief Executive Officer, Khalid Parekh stated his vision for Fair to be recognised as a complete financial institution where customers can bank, l...