First stablecoin-powered Islamic digital bank. Malaysia banking license. 500K+ users, $7B+ annualized volume.
Overview
Type
Consumer
Team size
—
Funding
$12-15M (KWAP investment 2025)
Volume
$6B annualized, projected $24B by end 2026
Target market
Young Muslims in emerging markets, 500K+ users
Supported Stablecoins
USDTUSDC
Supported Chains
EthereumBNB Chain
Regions
APACMiddle East
Features
Debit card—
Savings✓
Yield✓
Remittance✓
Invoicing—
Payroll—
Treasury—
Self-custodial—
Multi-currency✓
Licenses & Regulatory
| Jurisdiction | Type | Status |
|---|---|---|
| UAE | VASP | active |
| Malaysia | Labuan Islamic Digital Bank (Sandbox) | pending |
| Indonesia | Crypto License | active |
Geographic Coverage — 2 countries
APAC1
Indonesia
Middle East1
UAE
Partnerships
TetherCircle
Connected Companies (1)
Stablecoins