✉news BusinessBanking first seen 20 h ago, last 12 h ago, peak #26
Mal raises $230m seed for AI-native Islamic bank in Abu Dhabi
Original: Mal Raises $230m Seed to Build AI-Native Islamic Bank from Abu Dhabi
Fintech startup Mal has raised $230 million in seed funding to build an AI-native Islamic bank based in Abu Dhabi. The round ranks among the largest seed raises in the region and signals growing investor interest in combining Sharia-compliant banking with artificial intelligence. The company plans to use the capital to develop its banking platform and expand its team.
Why now: The unusually large seed round and the novelty of an AI-powered Islamic bank are drawing attention in the fintech and banking world.
Rank over time, top of the chart is #1. 7 snapshots from 20 h ago to 12 h ago.
Evidence
- Mal Raises $230m Seed to Build AI-Native Islamic Bank from Abu Dhabi · The Fintech Times
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