UK-based, GCC-targeted Sharia-compliant digital bank. Operates as a digital arm of Bank of London and The Middle East (BLME), part of Boubyan Bank Group (Kuwait).
Nomo sits on a UK PRA charter (BLME) — Sharia-compliant, FSCS-covered, served from London for a Gulf clientele.
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.
BLME holds the UK PRA bank charter; FSCS member with GBP 85,000 per-depositor cover.
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.
Nomo is the digital arm of Bank of London and The Middle East (BLME) — UK PRA-chartered, Sharia-compliant, FSCS member with GBP 85,000 per-depositor cover. Boubyan Bank (Kuwait) is the Group parent. Free Nomo Standard account, GBP + USD + AED multi-currency wallet, Sharia-compliant savings (Wakala) and property-investment products. Targeted at GCC residents and expats wanting a UK-chartered digital bank with Sharia compliance. Distinctive niche: the Sharia + UK-charter + GCC-distribution overlap is rare. Use Nomo if you want UK-chartered Sharia-compliant digital banking; use Meem if you want Sharia products under a Saudi licence (SAMA).
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Edition №07 · Updated 11 March 2026