Ant International’s Bettr Partners with Muslim Pro to Introduce Umrah Financing Service in Malaysia
Eligible Muslim Pro users in Malaysia can finance Umrah packages digitally with 12- to 24-month instalments under a Tawarruq structure.
- Bettr, a leading provider of inclusive and embedded finance under Ant International, partnered with Muslim Pro to launch a Shariah-compliant Umrah financing solution in Malaysia, combining the app's digital ecosystem with Bettr's financial capabilities.
- With about 22 million Muslims in Malaysia representing around 65% of the population, demand for financial services integrated into digital lifestyle platforms is accelerating, particularly among Muslim Pro's over 190 million users worldwide.
- The financing uses a Tawarruq structure facilitated through AS-SIDQ, SEDANIA As Salam Capital's digital commodity trading platform, with eligible users able to select instalment tenures between 12 and 24 months, endorsed by Masryef Advisory Sdn. Bhd. for Shariah compliance.
- Nafees Khundker, Group Managing Director and CEO of Muslim Pro, stated the partnership offers a "responsible, Shariah-compliant way" for individuals and families to plan pilgrimages with confidence while managing cash flow responsibly.
- The launch builds on Ant International's long-term commitment to supporting Muslim communities with inclusive financial services; Quan Yu, General Manager of Bettr Credit and Senior Vice President of Ant International, said the initiative reflects a "deep faith in the power of technology to do good.
13 Articles
13 Articles
Ant International's Bettr Partners with Muslim Pro to Introduce Umrah Financing Service in Malaysia
KUALA LUMPUR, Malaysia — Bettr, a leading provider of inclusive and embedded finance and fintech solutions under Ant International, today announced its partnership with Muslim Pro, a popular Islamic lifestyle app serving over 190 million downloads worldwide, to launch an Umrah financing solution in Malaysia. The solution is designed for eligible Muslims who have the […]
Muslim Pro Offers 12 to 24 Month Umrah Financing in Malaysia
Eligible Muslim Pro users in Malaysia can finance Umrah packages over 12 to 24 months through Ant International’s Bettr. The Shariah-compliant service lets users browse packages from participating partners and apply digitally, subject to eligibility requirements and applicable terms. Muslim Pro has more than 190 million downloads worldwide. Packages may cover flights, accommodation, meals and ground transportation for individuals or families, wi…
Ant International’s Bettr Introduces Umrah Financing with Muslim Pro in Malaysia
Bettr, a leading provider of inclusive and embedded finance and fintech solutions under Ant International, recently announced its partnership with Muslim Pro, a popular Islamic lifestyle app serving over 190 million downloads worldwide, to launch an Umrah financing solution in Malaysia. The solution is designed for eligible Muslims who have the means to undertake the pilgrimage but prefer to spread its cost over time. This flexibility enables in…
Muslim Pro partners Bettr to launch Shariah-compliant Umrah financing in Malaysia - SoyaCincau
Ant International’s embedded finance unit, Bettr, has partnered with Islamic lifestyle app Muslim Pro to launch a digital Umrah financing solution in Malaysia. Integrated directly into the app, the feature enables eligible Malaysians going for Hajj and Umrah to split the cost of their pilgrimage into monthly instalments ranging between 12 and 24 months. How does the Umrah financing feature work? The financing mechanism relies on a Tawarruq (Comm…
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