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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

Abdallah Abu-Sheikh

Abdallah Abu-Sheikh