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Statement regarding an article published on verdict.co.uk and a PwC Report

The team at Ummah Finance have found the following two articles:

  • UK challenger sector ripe for consolidation?- published 2nd July 2018 by Electronics Payments International
    (https://www.verdict.co.uk/electronic-payments-international/opinion/uk-challenger-banks/)
  • The future of banking is open- published in 2018 by PwC
    (https://www.pwc.co.uk/industries/financial-services/insights/seize-open-banking-opportunity.html)

The articles imply that Ummah Finance was granted a license by the regulators in 2018. This statement is not factually correct and Ummah Finance has not applied nor been granted a license by the regulators.

Ummah Finance and is not regulated by the Financial Conduct Authority or the Prudential Regulation Authority. Our website and social media channels reflect our vision for Ummah Finance.

I have been in touch with both Electronics Payments International and PwC to rectify these articles.

If you are interested in finding out what we are doing at Ummah Finance then please do visit our website at www.ummahfinance.co.uk or email us at info@ummahfinance.co.uk

Thanks and Warm Wishes,

Hassan Waqar, Chief Executive Officer

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