AI Summary15 Sept 20264 Rabiʻ II 1448 AH
AI Summary
15 Sept 20264 Rabiʻ II 1448 AH
AI start-up Mal carries Middle East FinTech in H1 with mega-funding round
FinTech funding in the Middle East and North Africa fell by 9% year-on-year in the first half of 2026 to $617 million, according to Dubai-based data firm Magnitt. Abu Dhabi-based start-up Mal, launching the world's first AI-native Islamic digital bank, accounted for 37% of total FinTech funding in the region, securing $230 million.
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AI start-up Mal carries Middle East FinTech in H1 with mega-funding round
FinTech funding in the Middle East and North Africa fell by 9% year-on-year in the first half of 2026 to $617 million, according to Dubai-based data firm Magnitt. Abu Dhabi-based start-up Mal, launching the world's first AI-native Islamic digital bank, accounted for 37% of total FinTech funding in the region, securing $230 million.
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This summary is generated with AI and receives periodic editorial review. Refer to the original source for full details.
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