Hijra for Business

Hijra for Business

Business banking, kept sharia-compliant

Project Overview

A sharia-compliant business account that helped sole-owner micro businesses keep their business money separate, organised and easy to keep an eye on, without any of the interest-based bits a conventional business account would lean on.

Company
Hijra
Role
Sr. Associate Product Designer
Industry
FintechIslamic banking
Scope
Product DefinitionProduct Design
Year
2023

TL;DR

Hijra for Business let sole-owner micro businesses organise and keep track of their business transactions while sticking to sharia principles. I was the only designer on it, and on one other new vertical at Hijra.

Within three months of launch it had passed IDR 150M in balance, and business accounts were holding nearly twice the average balance of personal ones.

Balance within three months
IDR 150M+
Average balance vs. personal accounts
≈ 2×

Problem

Personal and business money in one account

Most micro businesses in Indonesia are run by one person, so the owner's personal account doubles as the business account. Money coming in and going out all ends up in the same place, and working out how the business is actually doing means piecing it together by hand.

Doing this in a sharia-compliant product adds another catch: the money has to stay separate without bringing in any of the interest-based bits a conventional business account would lean on.