Mal Raises $230M Seed Round Led by BlueFive Capital

Deal Summary

Abu Dhabi‑based AI‑native Islamic digital finance platform Mal announced a $230 million seed funding round, led by asset manager BlueFive Capital. The capital will be used to accelerate product development, licensing and go‑to‑market expansion across the Middle East and Asia. The round marks one of the top global FinTech deals in Q1 2026.