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Mal launches as the UAE’s first AI-native Islamic digital bank, founded by Abdallah Abu-Sheikh, with a $230m funding round led by BlueFive Capital.

Mal Raises $230 Million to Launch The World’s First AI-Native Islamic Digital Bank

January 20 2026

Mal, announces it’s launch as the UAE’s first AI-native Islamic digital bank headquartered in Abu Dhabi

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BlueFive Capital launches BlueFive Insurance, a new platform focused on consolidating, digitizing, and modernizing the fragmented GCC insurance market, with plans to acquire licensed insurers and build a leading digitally native insurance group across the region.

BlueFive Capital Launches BlueFive Insurance to Lead Consolidation of GCC Insurance Market

December 1 2025

BlueFive Capital launched BlueFive Insurance, a dedicated platform to lead the consolidation, digitization, and specialization of the insurance industry across the GCC