Connect with us

Business

The Andalus Institute, & Making Money the Halal Way

mm

Published

on

Author: Althea Chokwe

To the outsider, Islam is a strict religion. Extending past tenets and a holy book, Islam is meant to be a way of life for its nearly two billion adherents. The terms halal and haram are thrown around often, but their meaning is tremendous to the faith. Halal is “permissible,” and haram is the exact opposite; these two categories are used to classify everything from food to music to legal matters. An interesting aspect of this black-and-white system pertains to financials and business ventures. No Muslim is allowed to engage in business that goes against the religion; working while in accordance with religious doctrine is mandated. Although most settle with an average line of work, some go out of the way to promote Islamic values and be successful simultaneously, a decision considered most ideal.

For Muhammad Al Andalusi, a philosophy as this is part-and-parcel with his calling. 27 years old and living in Saudi Arabia with a wife and kids, Al Andalusi relies on teaching Arabic to fund a fast-paced, flexible lifestyle, often documenting his travels through the Middle East and elsewhere on social media. The entrepreneur founded the Andalus Institute in 2019, intending to help other Muslims learn classical Arabic, the language of the Qur’an. A job like this definitely earns the halal stamp, but it continues further to the point of actively contributing to Islam. Knowledge of Arabic is seen as preferable, if not mandatory, since Muslims value the original Qur’an more than any translated version.

While Al Andalusi does not engage in the field of Islamic theology, his institute piques Muslims’ intellectual curiosity, plus that of others learning Arabic for professional and social reasons. Besides an understanding of and appreciation for the Qur’an, the Andalus Institute represents Al Andalusi’s decade-long quest to learn Arabic in its most eloquent form, an uphill battle that required him to relocate from Europe to Egypt for six long years. These studies forced the entrepreneur to change his daily habits and mindset drastically. Attaining multiple years of progress in Arabic within a year alone made Al Andalusi downgrade to a phone that was obsolete compared to the regular smartphone model. In his own words, Muhammad saved time without the distraction of an app-laden device, a tactic that he directly credits with his quick advance in the Arabic field.

The intense focus with which Muhammad perfects his craft is part of his spoken philosophy of seeking elm, or knowledge. Al Andalusi, as a teacher, uses every opportunity he can to communicate some rule or tip of the Arabic lexicon on Instagram and Facebook. His job consumes every part of his life, an observation that elucidates the level of commitment Al Andalusi has for the school he created. He already enjoys respect and awe amongst the online Muslim community, with other high-profile influencers recommending the Andalus Institute to non-Arabic speakers. Considering the importance of Qur’an recitation and study, teaching classical Arabic was always going to be a successful endeavor. Before 2019, Al Andalusi had worked on other online startups for a European audience whilst in the United Kingdom, yet he could not maintain an acceptable profit margin. One day, it reached the point where the Spanish native took time off and locked himself away, minimizing contact with even his family. He read for hours at a time, patiently waiting for a better business idea to manifest itself. That period was a time for questioning and soul-searching, which was logical because entrepreneurship is an extremely volatile field. Additionally, Al Andalusi had dropped out of school at the age of 16. He recalls not being interested in the traditional Western system anymore, a strong opinion for a teenager. Al Andalusi had no regrets, but paying off a $9,000 debt would not be easy without a university degree.

That same introspection is what Al Andalusi teaches each cohort that enrolls in the institute. There is no point in striving for a higher purpose such as religion without looking after oneself first. At the start of the program, everyone listens to a video of Al Andalusi outlining the study and sleep habits he expects them to adapt to maximize their productivity. In case you were wondering, the entire curriculum is meant to be finished within 15 months. Of course, one can stay as long as they like and there is lifetime access to the user portal, but the Andalus Institute makes sure to boast that students, as long as they do as they are told, become fluent within the intended time frame. While everyone is different in terms of goals and outside commitments, mental preparation is Al Andalusi’s way of ensuring no one overstays their visit. For a $2,000 price tag (at a generous discount of $997 for the time being), such guidance and care make the offering quite appealing to even the busiest customer.

In all honesty, the scaffolding and design of the Andalus Institute stem, for the most part, from Al Andalusi’s personal experiences. The vocabulary-first methodology is what the founder used to learn, not just Arabic, but French and English, also, as if the features of the school are what Al Andalusi wishes he once had to facilitate his own educational experience. Even the students notice and it is apparent that this modus operandi builds trust between a business and the clientele. Couple this with Muhammad’s constant presence on social media, giving the world a glimpse of behind-the-scenes goings-on, his followers feel that they know him through and through.

The language guru is a great friend of transparency, a trait that renders him approachable, as well. For a mostly Muslim consumer base, his willingness to discuss personal views on Islamic decrees and to differentiate himself from other influencers with a scholarly, studious persona is highly attractive. Even if the rest of the world may view Islam as narrow-minded, harsh, or unaccommodating, practicing Muslims love it precisely for the motivation and high standards set. And, while the halal versus haram debate is at times head-scratching and mind-bending, there are many answers to secular questions overlooked.

Al Andalusi proves that it is possible to financially thrive and be an ardent follower of the Islamic faith simultaneously. And he can show that he is right: the Andalus Institute rakes in between $20K and $50K each month, starting to do so only six months after its inception. With the advent of other Islam-centered YouTube channels and startups, the online presence of yet another Muslim entrepreneur is speaking to a wider trend of more representation and diversity. As a result, due to the rarity of his sort, Al Andalusi has gained much loyalty. Identity is not the sole reason, but years of working on his main money-making skill are significant in explaining Muhammad’s success thus far. Through a halal business, Al Andalusi relates to his audience in a powerful way. The businessman is their fellow Muslim, advertising a product where they all benefit in a plethora of ways, most notably spiritually, making the institute’s program irresistible for followers to not purchase. It is apparent that relatability and authenticity are integral in the business model of the Andalus Institute.

You can connect with the author on LinkedIn here.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

High Volume, High Value: The Business Logic Behind Black Banx’s Growth

mm

Published

on

In fintech, success no longer hinges on legacy prestige or brick-and-mortar branches—it’s about speed, scale, and precision. Black Banx, under the leadership of founder and CEO Michael Gastauer, has exemplified this model, turning its high-volume approach into high-value results. 

The company’s Q1 2025 performance tells the story: $1.6 billion in pre-tax profit, $4.3 billion in revenue, and 9 million new customers added, bringing its total customer base to 78 million across 180+ countries.

But behind the numbers lies a carefully calibrated business model built for exponential growth. Here’s how Black Banx’s strategy of scale is redefining what profitable banking looks like in the digital age.

Scaling at Speed: Why Volume Matters

Unlike traditional banks, which often focus on deepening relationships with a limited set of customers, Black Banx thrives on breadth and transactional frequency. Its digital infrastructure supports onboarding millions of users instantly, with zero physical presence required. Customers can open accounts within minutes and transact across 28 fiat currencies and 2 cryptocurrencies (Bitcoin and Ethereum) from anywhere in the world.

Each customer interaction—whether it’s a cross-border transfer, crypto exchange, or FX transaction—feeds directly into Black Banx’s revenue engine. At scale, these micro-interactions yield macro results.

Real-Time, Global Payments at the Core

One of Black Banx’s most powerful value propositions is real-time cross-border payments. By enabling instant fund transfers across currencies and countries, the platform removes the frictions associated with SWIFT-based systems and legacy banking networks.

This service, used by individuals and businesses alike, generates:

  • Volume-based revenue from transaction fees
  • Exchange spreads on currency conversion
  • Premium service income from business clients managing international payroll or vendor payments

With operations in underserved regions like Africa, South Asia, and Latin America, Black Banx is not only increasing volume—it’s tapping into fast-growing financial ecosystems overlooked by legacy banks.

The Flywheel Effect of Crypto Integration

Crypto capabilities have added another dimension to the company’s high-volume model. As of Q1 2025, 20% of all Black Banx transactions involved cryptocurrency, including:

  • Crypto-to-fiat and fiat-to-crypto exchanges
  • Crypto deposits and withdrawals
  • Payments using Bitcoin or Ethereum

The crypto integration attracts both retail users and blockchain-native businesses, enabling them to:

  • Access traditional banking rails
  • Convert assets seamlessly
  • Operate with lower transaction fees than those found in standard financial systems

By being one of the few regulated platforms offering full banking and crypto support, Black Banx is monetizing the convergence of two financial worlds.

Optimized for Operational Efficiency

High volume is only profitable when costs are contained—and Black Banx has engineered its operations to be lean from day one. With a cost-to-income ratio of just 63% in Q1 2025, it operates significantly more efficiently than most global banks.

Key enablers of this cost efficiency include:

  • AI-driven compliance and customer support
  • Cloud-native architecture
  • Automated onboarding and KYC processes
  • Digital-only servicing without expensive physical infrastructure

The outcome is a platform that not only scales, but does so without sacrificing margin—each new customer contributes to profit rather than diluting it.

Business Clients: The Value Multiplier

While Black Banx’s massive customer base is largely consumer-driven, its business clients are high-value accelerators. From SMEs and startups to crypto firms and global freelancers, businesses use Black Banx for:

  • International transactions
  • Multi-currency payroll
  • Crypto-fiat settlements
  • Supplier payments and invoicing

These clients tend to:

  • Transact more frequently
  • Use a broader range of services
  • Generate significantly higher revenue per user

Moreover, Black Banx’s API integrations and tailored enterprise solutions lock in these clients for the long term, reinforcing predictable and scalable growth.

Monetizing the Ecosystem, Not Just the Account

The genius of Black Banx’s model is that it monetizes not just accounts, but entire customer journeys. A user might:

  • Onboard in minutes
  • Deposit funds from a crypto wallet
  • Exchange currencies
  • Pay an overseas vendor
  • Withdraw to a local bank account

Each of these actions touches a different monetization lever—FX spread, transaction fee, crypto conversion, or premium service charge. With 78 million customers doing variations of this at global scale, the cumulative financial impact becomes immense.

Strategic Expansion, Not Blind Growth

Unlike many fintechs that chase customer acquisition without a clear monetization path, Black Banx aligns its growth with strategic market opportunities. Its expansion into underbanked and high-demand markets ensures that:

  • Customer acquisition costs stay low
  • Services meet genuine needs (e.g., cross-border income, crypto access)
  • Revenue per user grows over time

It’s not just about acquiring more customers—it’s about acquiring the right customers, in the right markets, with the right needs.

The Future Belongs to Scalable Banking

Black Banx’s ability to transform high-volume engagement into high-value profitability is more than just a fintech success—it’s a signal of what the future of banking looks like. In a world where agility, efficiency, and inclusion define competitive advantage, Black Banx has created a blueprint for digital banking dominance.

With $1.6 billion in quarterly profit, nearly 80 million users, and services that span the globe and the blockchain, the company is no longer just scaling—it’s compounding. Each new user, each transaction, and each feature builds upon the last.

This is not the story of a bank growing.

This is the story of a bank accelerating.

Continue Reading

Trending