Mal

ActiveOn the United Arab Emirates Radar · not ranked

AI-native digital banking platform being built to offer Sharia-compliant accounts, payments and cross-border finance to consumers and businesses, pending regulatory licences.

Fintech›Islamic digital bank mal.ai

Last roundSeed · Jan 2026

Why Mal is not ranked yet

How the Radar works →

The Radar lists every known eligible company, sorted by date of last round, with no AI judgement. Mal enters the ranking once its public data is sufficient for the AI to estimate it. Next UAE edition: 13 Oct 2026.

Funding history

Date	Round	Amount	Type	Investors
Jan 2026	Seed	USD 230M	—	BlueFive Capital

Jan 2026 , reported as seed funding; pre-licence.

Rounds as cited by Uback’s rankings. Equity, debt and grants are shown separately; only equity rounds count towards the valuation anchor.

Uback rankings

How the AI ranks →

Ranking	Tier	Rank	Edition	Next update
UAE · all sectors	Radar	—	Edition 0 · October 2026	13 Oct 2026

Independent analyses

By industry professionals & analysts

Industry professionals and financial analysts can publish their own analysis of Mal as a PDF. It must answer at least one of these four questions, and stick to them:

ValuationWhat is Mal worth?

Versus competitorsHow does it compare?

Who should acquire itStrategic buyers, and why

Who should it acquireAcquisition targets, and why

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Invest

Back Mal whether or not it has agreed: your intention joins the pool on Mal, passed to the local partner once it reaches critical mass. Backing on Uback (pronounced “you back”) means declaring an Interest (free) or an Intention (coming soon). Backing does not mean that this company is raising funds or that a shareholder is selling shares, and it is not a commitment to invest. Any deal, through a funding round or a sale by an existing shareholder, is handled by a local partner.

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What the AI reads

Read by the AI at the next edition.

Comparable companies in UAE

Full UAE ranking →

Fasset#5Fintech › stablecoin banking & digital assetsUnicorn Alaan#10Fintech › spend managementHundreds of M$YAP#11Fintech › digital banking appHundreds of M$NymCard#13Fintech › card issuing & embedded financeHundreds of M$

Investors in Mal: BlueFive Capital

Last updated: Oct 2026Report an error

Uback is a content publisher and an aggregator of non-binding expressions of interest. It provides no investment advice, receives no mandate and takes part in no transaction. Rankings, ranges and brackets are editorial estimates produced by AI, purely indicative.