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AI-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
$230M

Lead: BlueFive Capital

Investors: BlueFive Capital

AED 844M. Largest fintech seed in MEA history. Family offices also participated.