Blog & News
Learn the latest that's happening at Nester
BLOG & NEWS
11 August 2023
NESTER SPONSORS 17 FOR 0 MIDDLEWEIGHT CHAMPION HAMZAH SHEERAZ
by Nester
Nester has become an official sponsor of Hamzah Sheeraz, the undefeated professional boxer, who is quickly ascending world rankings, and is a rising star of the sport in the UK. Hamzah is undefeated in 17 fights with 13 knockouts and is already a WBC European Silver Champion.
13 July 2023
Banks have Passed their Stress Test by Maximising Profits at the Expense of Savers
by Nester
The announcement from the Bank of England that the major UK lenders could weather a financial meltdown fails to address the problems facing millions of households. The UK's megabanks continue to maximise their profits at the expense of savers. By pushing up borrowing rates and keeping rates on saving deposits low they are creating a spiral of increased costs and reduced savings, which will drive up inflation.
21 March 2023
Valley of Fallen Giants: The Tech Bro Bank Collapse and the Case for Financial Inclusion
by Danial Khan
Silicon Valley Bank's (S.V.B.) collapse has sent shockwaves throughout the banking and finance industry. Everybody from the average Joe to Joe Biden has commented on the bank's demise - and why wouldn't they? It's the second-largest banking failure in U.S. history. S.V.B. is situated in the epicenter of silicon valley and boasts of prominent customers, including Peter Thiel and other tech startups C.E.O.s whose innovations are touted to advance humanity for everybody one day. Ever heard the phrase you are the sum of the people you associate with the most?
02 February 2023
Nester continues to develop its ESG strategy with the finance of Hartley Halls of Residence
by Youness ABidou
At Nester, we understand the importance of having a positive social and environmental impact and have always vowed to maintain and fulfil our ESG strategy. With that in mind, we are delighted to share the story of Hartley Halls of Residence, a recent financing on our platform that is a Buy-to-Let opportunity situated in the heart of Manchester. This hall has been established by Manchester Islamic Educational Trust Ltd. We have worked closely with the Manchester Islamic Education Trust (MIET) in financing this property.
24 July 2022
The UK's Premier Zakat Institution names Nester as its latest investment partner
by Youness ABidou
The National Zakat Foundation has chosen Nester, a UK-based FCA regulated Islamic finance fintech, as its latest investment partner. The National Zakat Foundation has made significant investments across properties in the UK using Nester's unique sharia compliant fixed income investment technology.
17 December 2021
Real Estate Financing Needs Innovation - Nester has Launched!
by Youness ABidou
The Launch of the UK’s first Islamic finance compliant, peer-to-peer investment platform is set to provide fresh investment and real estate financing opportunities to communities, who have historically had a lack of financial products available. Nester aims to do this in a transparent, competitive, and timely manner.
09 December 2021
Foot Anstey advise on first Peer2Peer Islamic Finance fintech deal in the UK
by Youness ABidou
National law firm, Foot Anstey LLP, which has offices located in Bristol, Exeter, London, Plymouth, Southampton, Taunton and Truro, has advised London-based fintech start-up Nester Holdings Ltd on, what is believed to be, the first UK Peer2Peer Islamic Finance fintech deal worth £431,000, followed recently by a second deal worth £225,000.
06 December 2021
Fintech Platform Nester Delighted by Government Decision To Change Rules To Promote Peer-to-Peer Islamic Finance Alternatives
by Youness ABidou
Her Majesty’s Revenue and Customs (HMRC) has this week made a welcome announcement as part of their ‘Building a trusted, modern tax administration system’, a principle first heralded by the government in July 2020. HMRC’s vision is to design a trusted, modern tax system that is simpler, easier to navigate, helps avoid non-compliance and is ‘fit for the modern world’.