Post by Mal

Our Founder and CEO, Abdallah Abu-Sheikh is the cover story for Inc. Arabia's latest issue. The story behind it: building Mal, the world's first AI-native Islamic digital bank. Islamic finance is a $7 trillion market that serves nearly two billion people around the world, yet it's never had a global institution built for the digital age, and we believe that's a problem that belongs to us in this region to solve, not one to wait on someone else to fix. This year, we earned the largest seed round in MEA's history and an in-principle approval from the Central Bank of the UAE to establish a licensed bank. Each of these milestones brings us closer to building banking 4.0: a financial institution rooted in ethics, with AI at its core, and worthy of our future generations. Read the full story 🔗 https://lnkd.in/eKMRspBa #mal #islamicbanking #ethicalfinance #ethicalbanking #CBUAE