IMAN Holding has announced a $100 million fundraising initiative aimed at accelerating the development and global expansion of its AI-powered Islamic banking platform, with a strategic focus on the GCC and other international markets. The new capital will support the company’s transition toward becoming a fully licensed Islamic AI bank, while also strengthening its investment in artificial intelligence infrastructure, regulatory frameworks, and product innovation.
According to Founder and Group CEO Rustam Rahmatov, the issue with modern banking is not access but design. He emphasized that traditional systems were never built to truly understand users, which is the gap IMAN aims to address through its technology-driven approach. Founded in 2020, the company has developed a Shariah-compliant fintech platform that integrates behavioral data, real-time decision-making systems, and ethical financial structures into a unified digital ecosystem, focusing on understanding financial behavior alongside transaction data.
IMAN has already established a strong presence in Central Asia, where its platform serves more than one million registered users and manages over $100 million in assets. The company has raised over $10 million to date from international venture capital firms and financial institutions and is targeting more than $250 million in assets under management by the end of 2026. Its flagship mobile platform allows users to access savings, payments, and investment services within a single ecosystem, reflecting a growing demand for all-in-one digital financial solutions.
Artificial intelligence sits at the core of IMAN’s platform, powering financial decision-making through transaction analysis, behavioral pattern recognition, and contextual recommendations. By leveraging alternative data alongside traditional financial inputs, the system enables real-time assessment of users’ financial profiles. The company is also developing an AI-powered interface called Aisha, designed to interact with users through natural, conversational engagement, bringing the experience closer to having a personal financial advisor rather than using a conventional app.
In addition to innovation, IMAN places strong emphasis on transparency and compliance. The platform embeds Shariah-compliant financial principles directly into its system architecture, ensuring that compliance is integrated into every transaction. This approach is designed to make financial processes more transparent, allowing users to better understand both outcomes and the underlying structures behind them.
Looking ahead, IMAN is targeting expansion into the GCC, a region known for its mature regulatory environment in Islamic finance and increasing demand for digital banking services. With a global Muslim population of approximately 1.9 billion and rising adoption of mobile-first financial solutions, the company sees significant growth opportunities. Alongside its consumer platform, IMAN is also developing infrastructure to support financial institutions in deploying AI-powered, Shariah-compliant services, reflecting its vision of building an interconnected ecosystem rather than a single dominant application.
The $100 million fundraise will be used to secure a full Islamic banking license, enhance AI capabilities, expand product offerings, and support international growth. The company believes this funding round reflects both its internal growth trajectory and the broader market demand for financial systems that combine technology, ethics, and real-time intelligence.