What Nomo Bank is, in 2026

Digital arm of Bank of London and The Middle East (BLME), launched 2021. Boubyan Bank (Kuwait) is the Group parent. UK PRA-chartered, Sharia-compliant.

Safety and regulation

BLME holds the UK PRA bank charter; FSCS member with GBP 85,000 per-depositor cover.

Who Nomo Bank is for

Use Nomo Bank if: you're a GCC resident or expat wanting UK-chartered Sharia-compliant digital banking with multi-currency wallet. Use Meem instead for Sharia products under SAMA.

How it stacks up.

Revolut 91
Bank of Lithuania
The most feature-rich neobank globally — combining banking, investing (stocks, crypto, commodities), and travel perks in a single app, with the widest currency support (120+) and 65M+ customers
bunq 87
DNB
Europe's second-largest neobank by deposits (€8B+) with the most granular IBAN-per-sub-account architecture; first new fully licensed bank in the Netherlands in 38 years; strong sustainability angle
N26 85
BaFin
Full German banking license (BaFin) combined with a sleek mobile-only experience; one of the first fully licensed EU neobanks with €100,000 German deposit protection

Or compare side-by-side

Nomo vs Revolut → Nomo vs bunq → Nomo vs N26 →
Risk warning UK FCA fin-prom warning

Capital at risk. Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Read the full FCA risk warning at fca.org.uk before investing. EMI customer funds are safeguarded under the Electronic Money Regulations 2011 and are NOT FSCS-protected.