Ethical|Intelligent|Inclusive
Tech + Conscience
Where innovation meets integrity.
The leading Sharia-compliant digital bank in Senegal and the WAEMU region. Mobile-first, ethical, and inclusive financial services — especially for the underbanked — with no interest (riba).
Why Faratech?
Digital banking, Islamic finance, and community capital — for everyone.
Mobile-First for Everyone
Low-cost, accessible platform designed for the unbanked and underbanked.
Faith-Compatible Products
Murabaha, Musharakah, Ijara, and Takaful — fully Sharia-compliant.
Ethical Data & Data Dividend
You own your data. We share value back through transparent data dividend.
Multilingual & USSD
National inclusion through local languages and USSD for every phone.
Core Services
Mobile-first, Sharia-compliant banking for individuals, MSMEs, and communities
Mobile Banking
Deposits, bill pay, peer transfers, merchant QR, and savings — all from your phone.
Remittance Hub
Diaspora-to-wallet transfers with FX boosts and co-guarantees.
Micro-Loans & BNPL
AI-driven, Sharia-compliant asset financing for individuals and MSMEs.
Group & Family Accounts
Digital tontines (dahiras/Susus) and shared savings for communities.
Takaful & Insurance
Micro-coverage for health, trade, and agriculture — Sharia-compliant.
What Our Customers Say
Real experiences from customers who value ethical banking
"Switching to Faratech was the best financial decision I've made. Knowing that my money is being used ethically and in compliance with Sharia principles gives me peace of mind. The profit-sharing on my Mudarabah account has been excellent, and I love the transparency."
Best financial decision I've made
Amina Hassan
Business Owner
Dakar, Senegal
"As a Muslim, finding a bank that truly follows Islamic principles was challenging. Faratech not only offers Sharia-compliant services but also makes banking convenient with their excellent mobile app. The Zakat calculator is a game-changer!"
Truly follows Islamic principles
Omar Abdullah
Software Engineer
Accra, Ghana
"I needed financing for a new car, and I was worried about interest. Faratech's Ijarah financing allowed me to get the vehicle I needed without compromising my values. The process was smooth, transparent, and completely halal."
Without compromising my values
Fatima Ibrahim
Teacher
Thiès, Senegal
Trust and Compliance
- Sharia-compliant operations with independent governance
- Faith-aligned products: Murabaha, Musharakah, Ijara, Takaful
- Ethical data ownership and transparent data dividend
- Transparent pricing and no interest (riba)
Faratech Sharia Advisory Board
Our independent Sharia Advisory Board oversees all products, services, and operations to ensure strict compliance with Islamic banking principles. The board provides guidance, reviews contracts, and certifies that all our activities align with Sharia law.
Certification Status
International Sharia Compliance Council - Active
Issued: 2024
Tech + Conscience — Ready When You Are
Join us for mobile-first, ethical banking in Senegal and the WAEMU region. Where innovation meets integrity.