Phi Wallet: The Halal Digital Gold Revolution that will change your way of saving!
Oummatv receives Amine El Azizi, Moroccan entrepreneur installed in Spain, who combines Islamic financial and ethical innovation. After studying telecommunications, he turned to digital entrepreneurship before founding IslamicFundrais.com, a halal crowdfunding platform, then Phi Wallet, aimed at democratizing access to gold according to the principles of Islamic ethics. He explains how gold and blockchain structure Phi Wallet, transparency ensured under the expertise of Dr. Monzer Kahf (World Authority in Islamic Finance), as well as its expansion strategy in Europe and Asia. An essential interview for firm Halal and secure savings enthusiasts.
Review of Amine El Azizi’s interview, co-founder of Phi Wallet
The interview with Amine El Azizi, co -founder and marketing director of Phi Wallet, broadcast on Oumma, offers a detailed overview of his entrepreneurial career and the genesis of Phi Wallet, a neobank ethical specialized in digital gold. This exchange highlights the motivations behind this innovative project, its adequacy with the principles of Islamic finance, and its international expansion.
Amine El Azizi’s journey: from Morocco to the Ethical Fintech
Amine El Azizi presents herself as a Moroccan entrepreneur who grew up in Morocco before continuing his telecommunications studies in Spain. Although trained in this area, his passion for digital marketing led him to found several start-ups in Spain, including islamicfundraising.com, a Halal crowdfunding platform inspired by the French model of Cotizup.
His interest in finance has increased over time, especially in the face of the lack of ethical financial solutions in Spain, unlike France where actors like Halal investment funds already exist. It was this gap that prompted him to consider an ethical neobank, a project that took shape after his meeting with Islam Ambar, his future partner.
The birth of Phi Wallet: Alliance of gold and blockchain
In 2019, Amine El Azizi met Islam Ambar, an experienced entrepreneur in Fintech, during a fortuitous meeting in Portugal. At the time, Phi Wallet was just a landing page, but the idea of associating gold – a historical refuge value – with the blockchain immediately seduced Amine.
Phi Wallet is positioned as a solution to buy, sell and store physical gold in a secure and transparent manner. The objective is to make gold savings accessible to all, in particular to Muslim populations concerned with conformity with Sharia law.
A strategic international establishment
Although the project has roots in Malaysia (pioneer in Islamic finance), Phi Wallet opted for a European base, with a seat in Lisbon. This strategic choice allows the company to be perceived as a European entity, regulated by the Portuguese central bank.
The company is also recorded in Canada, has offices in Malaysia and Singapore (where gold is physically stored), and provides for an expansion in Indonesia. This international presence reflects a desire to contact a global market, while adapting the offer to regional specificities.
Religious compliance and safety guarantees
One of the strengths of Phi Wallet is his commitment to Islamic finance. A sharia compliance committee, led by Dr. Monzer Kahf (recognized expert), ensures compliance with Islamic principles, with half -yearly audits.
Among the strict rules applied:
- The exchange of gold must be instantaneous (no property delay).
- The gold of customers is not reused or loaned.
- Each purchase is traceable via the blockchain, with an invoice attesting to the property.
Security is also a central pillar: gold is stored in secure chests in Singapore, audited by independent third parties, and 100 %insured. Users will soon be able to visit these chests or remove their gold physically.
Mission and vision of Phi Wallet
For Amine El Azizi, Phi Wallet meets a crucial need: protecting savings in the face of inflation and monetary crises. Gold, active stable for centuries, offers an alternative to traditional currencies.
The platform aims to democratize access to gold, making it as simple to manage as a classic bank account, but with an ethical and transparent dimension.
Conclusion: a booming financial alternative
The interview reveals a clear ambition: making Phi Wallet a major actor of the Ethical Fintech, combining technological innovation (blockchain), stability (physical gold) and religious compliance. With implantation projects in France and international growth, Phi Wallet may well redefine the standards of secure savings.
To find out more : Phiwallet.com
