IMAN Holdings has announced plans to raise $100 million to expand its AI Islamic banking platform across the GCC markets. The company, which was founded in 2020, says the funding will be used to accelerate product development, strengthen its technology infrastructure and support its entry into new markets across the Gulf region.
Headquartered in Central Asia, IMAN has built a mobile-first financial platform focused on Shariah-compliant services. The company currently serves more than one million registered users and manages over $100 million in assets through a single application that combines savings, investments, payments and financial guidance. To date, the company has raised more than $10 million from investors and is targeting over $250 million in assets under management by the end of 2026.
The planned expansion comes as Islamic finance continues to evolve beyond traditional banking models. Consumers increasingly expect financial services to be digital, personalised and accessible through mobile devices. This shift is particularly visible among younger users who want financial products that align with both their values and everyday digital habits.
AI Islamic Banking Overview
| Factor | Significance |
| $100 million fundraising target | Intended to support product development and regional expansion |
| One million users | Indicates existing customer traction before GCC entry |
| GCC expansion plans | Targets one of the world’s largest Islamic finance markets |
| AI driven model | Focuses on personalised financial guidance |
| Infrastructure strategy | Creates opportunities beyond direct consumer services |
How IMAN’s platform differs from traditional digital banking
Many digital banking platforms focus on transactions, account management and product access. IMAN is positioning its platform around ongoing financial guidance powered by artificial intelligence.
Rather than relying solely on dashboards and static financial tools, the platform uses behavioural and transactional data to provide recommendations tailored to user activity and financial goals.
The company says it is also integrating real-time Shariah validation and visible compliance mechanisms directly into the customer experience. This approach aims to provide users with greater transparency into how products and services meet Islamic finance requirements.
Platform overview
| Area | Details |
|---|---|
| User base | More than one million registered users |
| Assets managed | Over $100 million |
| Core services | Savings, investments, payments and financial guidance |
| Technology focus | Artificial intelligence and behavioural insights |
| Compliance model | Real-time Shariah validation and compliance visibility |
| Expansion target | GCC markets |
What this means for the Islamic finance sector
The fundraising plan reflects several trends that are shaping the future of Islamic finance.
First, artificial intelligence is becoming an increasingly important part of financial services. Banks and fintech firms are increasingly using AI to personalise customer experiences, automate decision-making and improve operational efficiency.
Second, digital adoption continues to reshape customer expectations. Consumers increasingly expect financial services to be available through intuitive mobile experiences rather than traditional branch networks.
Third, Islamic finance is becoming more technology-driven. Institutions are investing in digital platforms that make Shariah-compliant products easier to access and understand.
The combination of these trends creates opportunities for companies that can bridge financial technology, artificial intelligence and Islamic finance principles.
About IMAN Holding
IMAN Holding is a Central Asia-based fintech company founded in 2020. The company operates a mobile-first financial ecosystem built around Shariah-compliant principles, offering savings, investments, payments and financial guidance through a single application. IMAN currently serves more than one million registered users and manages over $100 million in assets.
Conclusion
IMAN’s planned fundraising comes at a time when artificial intelligence, mobile finance and Islamic banking are increasingly intersecting. The company’s GCC expansion strategy places it in one of the world’s most important Islamic finance markets, where demand for digital financial services continues to grow. Whether through consumer products or financial infrastructure, AI Islamic Banking is becoming a more significant part of how Islamic financial services are developed and delivered.
