NylaBank

United Kingdom
Westquarter, Scotland, United Kingdom

Company profile

NylaBank company profile

NylaBank is on a mission to become the world’s largest Islamic bank by empowering 1 billion people with innovative, Shariah-compliant financial tools. As Africa’s first digital Islamic bank, NylaBank offers ethical and Shariah-compliant financial products and services, with over 30,000 users already on our waitlist. Our team brings a combined 35 years of experience across Islamic finance, fintech, and banking, having worked with leading organizations such as Wahed, IsDB, Standard Chartered Bank, and Google. Founded after an oversubscribed pre-seed round, NylaBank is guided by world-renowned Islamic banking scholars, including Dr. Joe Bradford and Dr. Ziyaad Mohamed. Our advisory board also features a Nobel Prize winner, and other esteemed experts. NylaBank is backed by Ingressive Capital, the Milken Institute, and angel investors, including a Mubadala partner.

Business identity

Contact email
[email protected]
Phone number
+18487319073
Operating status
Active
Company type
For Profit
Employee range
1-10 employees
Founded
2023-12-13

Headquarters

Country code
GB
Continent
Europe

Capital profile

Funding and company signals

Funding rounds
1
Last funding
Grant / $100,000 / 2024-10-16
Investors
1
Lead investors
1
Founders
1

Founders and investors

Founders

Mubarak Sumaila

Lead investors

Milken-Motsepe Innovation Prize Program

Investors

Milken-Motsepe Innovation Prize Program