Mal
Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates · Artificial Intelligence, Banking, Finance
Mal is the first AI-native Islamic digital bank founded by serial fintech entrepreneur Abdallah Abu-Sheikh. It aims to deliver cutting-edge financial solutions that empower individuals and businesses while offering a seamless and inclusive experience. Built with a global vision, Mal seeks to serve the financial needs of the world’s 2 billion Muslims and underbanked communities. The digital platfor
Key facts
- Headquarters
- Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates
- Employees
- 4
- Industries
- Artificial Intelligence, Banking, Finance
- Status
- Private
- Website
- mal.io
- Company page
Recent activity at Mal
Mal funding history
| Date | Round | Amount |
|---|---|---|
| May 2026 | Seed | $230.0M |
Leadership
- Ahmed Alsayadi, Founder
Verified email and direct lines for Mal’s decision-makers are on Fundz. See plans — or book a 15-minute walkthrough.
Mal in the news
- Axios NPM Distribution Compromised in Supply Chain Attack - wiz.io (Mar 31, 2026)
- Micron Stock 2026: HBM Growth, AI Demand & Outlook - I/O Fund (Oct 16, 2025)
- The Russia-Mali-Algeria Security Triangle - Riddle Russia (May 05, 2025)
- We Analyzed 11.8 Million Google Search Results. Here’s What We Learned About SEO - Backlinko (Apr 14, 2025)
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About Mal: questions and answers
What does Mal do?
Mal is the first AI-native Islamic digital bank founded by serial fintech entrepreneur Abdallah Abu-Sheikh. It aims to deliver cutting-edge financial solutions that empower individuals and businesses while offering a seamless and inclusive experience. Built with a global vision, Mal seeks to serve the financial needs of the world’s 2 billion Muslims and underbanked communities. The digital platfor
Where is Mal headquartered?
Mal is headquartered in Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates.
How many employees does Mal have?
Mal has about 4 employees.
Has Mal raised funding?
Yes. Fundz has recorded 1 funding event for Mal. The most recent, Seed of $230.0M, was in May 2026.
Who leads Mal?
Ahmed Alsayadi is a Founder at Mal.
What is the latest news on Mal?
On May 19, 2026, Mal secures $230 million in seed funding, positioning itself to launch a licensed Shariah-compliant digital bank in the UAE, aiming to enter the $7 trillion Islamic finance market.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy