AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Meet Youness Abidou, founder and CEO of Nester, a Sharia-compliant real estate investment platform in the UK. He shares insights on navigating the regulatory landscape, the challenges of Islamic finance, and his vision for addressing financial gaps in the Muslim community.
This podcast is powered by Kestrl.
Kestrl is an app that helps Muslim to grow their wealth without compromising their beliefs
Kestrl - The Muslim Money App
https://kestrl.io/
00:00 - Coming up
02:17 - Introduction and banking career
07:41 - Discovering Islamic Finance
12:25 - Community demand for Islamic Finance
18:29 - Meeting co-founder Mohammed Paracha.
24:40 - British Muslims’ problems and Nester as a solution
28:59 - Early days and teething problems
32:28 - Islamic vs Ethical branding
38:11 - How Nester works for businesses
44:51 - How Nester raises money from the crowd
48:35 - Commodity Murabaha and controversy
53:17 - Getting a new license just for Nester
56:32 - Funding rounds and first transactions
59:12 - Future plans, and expansion to Saudi Arabia.
1:06:07 - Thoughts on the state of Islamic finance and community needs.
1:11:44 - Youness’ vision for Nester’s legacy and community impact.