Tam
Kuwait's first Sharia-compliant digital bank, built for 15-to-25-year-olds.
Kuwait Finance House's Sharia-compliant youth digital bank: Civil ID onboarding from 15, prepaid card, WAMD instant payments.
- Who holds it
- The company itself — it holds a full banking licence — Kuwaiti banking license (Kuwait Finance House digital brand).
- The ledger
- The bank’s own core ledger.
- If it fails
- A covered-deposit payout through the local scheme, up to its limit.
Derived from Tam’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional · gen alpha · kids & family |
| HQ | Kuwait City, KW |
| Founded | 2023 |
| Custody | Custodial |
| Regulation type | Licensed bank |
| License detail | Kuwaiti banking license (Kuwait Finance House digital brand) |
| Card | No card |
| Stablecoins | No |
| KYC | Yes |
| Active regions | MENA |
| Countries | Kuwait |
| Founders | Kuwait Finance House |
Verified links: official site ↗ · terms ↗ · privacy ↗ · @tam_bank ↗
Common questions about Tam
What is Tam?
Tam is a fiat neobank built for gen alpha · kids & family, headquartered in Kuwait City, KW and founded in 2023. Your money is held custodially, so Tam or its partner bank holds the balance and you hold a claim on it. It is regulated as a licensed bank (Kuwaiti banking license (Kuwait Finance House digital brand)).
Does Tam have a card, and where can you use it?
It issues no card of its own. It is available in MENA.
Does Tam require KYC?
Yes. Tam requires identity verification (KYC) to open an account, as a licensed bank.
Peers
Wise · Telda · Wio Bank · Zand · YAP · Liv.
Tam appears in
Neobanks that hold their own banking license (140) · Neobanks that require identity verification (349) · Neobanks available in MENA (91) · Neobanks for kids and family (8) · Neobanks with no card of their own (74)
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.