British businesses can finally manage their finances with a brand new UK based service that is fast, secure, intuitive, seamless and ethical.
Rizq is proud to be the first sharia-compliant digital business account app in the UK; not only is the Rizq app extremely simple to sign up to, it also allows you to make lightning-quick payments, manage your business finances, benefit from an interest-free business account and more! Read on to find out more about the features or sign up now on the Rizq website.
The business Account is launched with a whole host of modern features that finally allow British businesses to manage their finances with a fast, secure and ethical service.
At Rizq we understand a lot of businesses are after an ethical business lifestyle. Our business account offers an interest-free account– forever. Our team takes a proactive approach to ensure that our app fully espouses the values of sharia in all activities and follows the entire system of sharia finance laws and ethical values.
Free & Quick Onboarding
Rizq is completely free to sign up to, and your account can be opened quickly instead of the weeks it can take using traditional methods. No long phone calls, printed forms, or queuing in branches. Your details are automatically verified, which means that you can spend, receive and send money almost immediately, from the comfort of your office or home.
Your funds are held in a tier 1 bank in the UK, within a ring-fenced structure, which means that is secure and protected.
With a Rizq Business account, you will receive:
- A UK Sort Code, Account Number and IBAN
- Faster Local Payments In and Out
- Free ATM withdrawals (up to £200 a month, then £1.99 per withdrawal)
- A GBP wallet
- Customer Support
When you sign up to Rizq, we will send you a physical debit card which can be used in most shops in the UK. This card can also be used where a contactless facility is available. Contactless transactions are currently limited to £100 per transaction in most UK stores. The daily transaction limit on your debit card is £1000, with a single transaction limit of £250. You can use your Rizq card for up to 10 transactions per day.
We will also issue you with a virtual Mastercard debit card, that will allow you to shop and purchase online from your account balance. This can be used on many retail websites, as well as being compatible with Google Pay (with Apple Pay coming soon) and providing you with an improved level of security.
You can get the Rizq app on Android and iOS, with all features available on both versions. This allows you to not only view your current balance on your business account, but to also get a quick and easy breakdown of your spending.
You can manage all your business finances through your mobile phone, wasting less effort on time-consuming admin, meaning you have more time to focus on growing your business!
Priority Business Support
We offer priority support as standard to our Business customers. We have a range of Frequently Asked Questions, but if you have a different query, our team of advisors are available to help.
That’s not all – see what’s coming soon
With online access soon to be offered as standard by Rizq, you will be able to do all the things you would expect from any other account. Set up standing orders, transfer money, check your balance, send money abroad: all the things you need to keep your finances in order.
We will soon be able to offer a number of budgeting tools to help you to keep on top of your business finances. See where you are spending money, where you can save, and more, within the app and website.
From the launch of the app, you will be able to see an analysis of money in and money out, but in future releases you will be able to break that down by category, company, value etc. These features will ensure that you have an umbrella view of your company finances, all available on your mobile phone.
Seamless Charity Donations
Charity donations have been a very successful feature of our Personal accounts, so we’ll be bringing the same seamless option to our Business account very soon.
When you use your card to spend at your favourite UK stores, you will be able to earn cashback which will be deposited into your account.
If you have more than one person needing access to finance within your business, we will soon be able to offer shared accounts, linked access and to issue multiple cards from the same account.
It is Written
With the Rizq Business Account, British businesses can finally manage their finances with a sharia-compliant, fast, secure and seamless service.
The notion of Rizq is a powerful spiritual connection and a divine relationship – at Rizq we believe that our preordained destiny is Written, but not accessed without effort and action.
Find Out More
- View our FAQs – whether you have a question regarding signing up, sharia compliance, transferring money or something more technical, this is the place to start.
- Find out more about the Muslim lifestyle and how it relates to finance – to us, sharia compliance is more than just a stamp of approval on financial products.