# Mal

> AI-native Islamic digital bank

## Facts

- **Sector:** Fintech
- **Founded:** 2025
- **Total funding raised:** $230M Seed
- **Status:** Active
- **Headquarters:** Abu Dhabi
- **Employees:** 11-50
- **Website:** https://www.mal.ai
- **Verified (claimed by company):** No

## About

AI-native Sharia-compliant digital bank headquartered in Abu Dhabi. Founded in 2025 by Abdallah Abu-Sheikh, previously founder of Astra Tech (Botim), which sold a majority stake to G42 in late 2024. Targets the $7T global Islamic finance market with an AI-first product stack.

## Funding rounds

- 2026-01-14 — $230M Seed (investors: BlueFive Capital)

## Team

- Abdallah Abu-Sheikh — Founder & CEO


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Source: DXBStart — the working index of the UAE startup ecosystem. Canonical page: https://www.dxbstart.com/company/mal
More machine-readable resources: https://www.dxbstart.com/llms.txt
Startups can request a listing at https://www.dxbstart.com/submit — free, editorially reviewed.