Mal is an AI-native Islamic digital financial platform that serves as a digital companion for everyday financial decisions. The company is headquartered in Abu Dhabi and is led by a team with senior executives from digital banking firms including Revolut and Nubank. Mal raised $230 million in a seed round led by BlueFive Capital and will use the proceeds to accelerate product development, pursue licensing, and execute its go-to-market strategy. The company plans to expand into key international markets across the Middle East and Asia. Following the raise, Mal is positioned to pursue growth in what it views as a largely untapped market.

Total raised

$230M

Funding rounds

1

Latest round

Seed

Latest activity

Jun 2026