Faith-based and Islamic neobanks
A niche neobank is not a general product with different branding — it is built around one group's actual constraints, which is why these 7 exist alongside the 367 others. Audience tags come from what each product says it is for, verified against its own site.
All 7 faith-based and Islamic neobanks
| neobank | type | hq | custody | licence / structure | reported users |
|---|---|---|---|---|---|
| AEON Bank | traditional | Kuala Lumpur, MY | Custodial | Islamic digital bank licence (BNM) | — |
| Algbra | traditional | London, UK | Custodial | E-money institution (FCA, FRN 952360, UK) | — |
| D360 Bank | traditional | Riyadh, SA | Custodial | Digital bank licence (SAMA); PIF-backed | — |
| Fasset | hybrid | Dubai, AE | Custodial | VARA VASP licence (Dubai, broker-dealer); provisional Islamic digital-bank licence in Malaysia | — |
| Kestrl | traditional | London, UK | Custodial | Accounts and cards issued by AF Payments Ltd, FCA-authorised e-money institution (FRN 900440) | — |
| Vision Bank | traditional | Riyadh, SA | Custodial | Full Saudi digital bank licence (SAMA); full operations approved Sep 2025 | — |
| Wahed | traditional | New York, US | Custodial | SEC-registered investment adviser; broker/custody via Apex Clearing (FINRA/SIPC) | — |
Common questions
Faith-based and Islamic neobanks: how many are there?
7 of the 368 neobanks tracked here are faith-based. Every entry is verified active and listed on this page with its custody model, licence detail and the regions it serves.
Which faith-based and Islamic neobanks are the largest?
Not answerable from public data: only 0 of these 7 disclose a user figure at all. The list below is therefore not a ranking, and anyone presenting one for this category is guessing.
What does this category actually mean?
A niche neobank is not a general product with different branding — it is built around one group's actual constraints, which is why these 7 exist alongside the 367 others. Audience tags come from what each product says it is for, verified against its own site.
Related
Neobanks for gen z and students (8) · Neobanks for kids and family (7) · Neobanks for small businesses and startups (30) · Neobanks for freelancers and creators (14) · Neobanks for immigrants and migrants (8) · Neobanks built for the underbanked (23) · Neobanks for travel and digital nomads (10)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.