Mal
ActiveAI-native Islamic digital bank
Abu Dhabi, UAEFounded 2025
FintechAI & Machine Learning
Seed
Abu Dhabi fintech building a mobile-first, AI-native Islamic digital bank for underbanked communities globally. Received in-principle approval from the UAE Central Bank. Its $230M raise is the largest fintech seed round in Middle East and Africa history. Founded by Abdallah Abu-Sheikh (also founder of Astra Tech/Botim).
Founders
Abdallah Abu-Sheikh
Founder
Funding Rounds
SeedJan 2026
$230MLead: BlueFive Capital
Investors: BlueFive Capital
AED 844M. Largest fintech seed in MEA history. Family offices also participated.