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Al Maryah Community Bank (Mbank)

Growth Score40DXBi Rank115Heat Score100

Al Maryah Community Bank L.L.C.

The UAE's first fully digital, community-focused Specialized Bank

Founded 2021Private (Specialized Bank licensed by CBUAE)Abu Dhabi, UAE, Abu Dhabi51-200 employeesmbank.ae
Prospect profiledigital bankneobankSME bankingblockchainstablecoin paymentsAbu Dhabi
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Overview

Al Maryah Community Bank, branded Mbank, is a fully digital, cloud- and blockchain-powered bank headquartered in Abu Dhabi, licensed by the Central Bank of the UAE in April 2021 as the country's first standalone digital-only "Specialized Bank" (under Circular No. 13/2021 on Specialized Banks with Low-Risk Regulation), with its banking license acquired from First Abu Dhabi Bank. It serves individual consumers and SMEs with app-based current/savings accounts opened via Emirates ID and UAE Pass, plus cards, personal loans, investments and insurance, and has more recently expanded into regulated stablecoin (AE Coin) payment rails for real estate and logistics/e-commerce partners. It operates smart hubs/branches in Abu Dhabi and Dubai rather than a traditional branch network.
40

Growth Score

Steady

100

Heat Score

Trending up

Details

Operating Status
Active
Company Type
Private (Specialized Bank licensed by CBUAE)
Headquarters
Abu Dhabi, UAE
Founded
2021
Company Size
51-200 employees
Website
mbank.ae

Products & Services

Mbank UAE App

Core mobile banking app for account opening (under 5 minutes), personal and business banking, UAE Pass-integrated onboarding.

Jaywan Debit Card

UAE domestic debit card scheme card; Mbank was first bank in UAE to issue it and also provides the underlying IT infrastructure as a service to other UAE banks.

Mbank Wallet / AEC Wallet

Blockchain-based digital wallet (described as the nation's first) used for QR payments, Aani transfers, and buying/holding AE Coin, the UAE's Central Bank-regulated AED-pegged stablecoin.

Ziyada Overdraft

Personal overdraft facility for account holders.

Aani Instant Payments

Integration with the UAE's Aani real-time payment/QR transfer system for instant money transfers via phone number or email.

Banky Account

Newly launched account product (per official site).

IPO Upgrade

Subscription-leverage service (with DFM/iVestor) letting investors increase IPO subscription amounts up to 5x.

Business Banking Suite

Business current accounts, business debit cards, payroll management, and utility bill payment for SMEs and corporates.

Government Housing Loans (ADHA top-up)

Financing product linked to Abu Dhabi Housing Authority top-up loans.

Insurance via PolicyBazaar.ae

Insurance product distribution partnership embedded in the Mbank app.

People

Technology

Tech stack

TCS BaNCS (core banking platform; TCS also manages Mbank's cloud infrastructure, operations and information security)Blockchain technology (decentralized blockchain underpinning Mbank Wallet / AEC Wallet)QR code payment technology (linked to Aani instant payment system)UAE Pass (used for digital identity/onboarding integration)

Financials

Funding rounds

Projects

PartnershipAnnounced

AE Coin and USDU AED-USD Digital Conversion Framework

AE Coin (UAE's AED-pegged, Central Bank-regulated stablecoin) and USDU (a USD-backed stablecoin regulated by ADGM's FSRA) announced a strategic collaboration, supported/powered by Mbank, to build a regulated automated AED-USD digital conversion framework for institutional settlement, treasury operations and future trade-finance/cross-border use cases. Aquanow and Changer.ae are also involved as broker-dealer/custodian.

May 8, 2026

PartnershipAnnounced

ADNOC Distribution Adopts AE Coin

ADNOC Distribution partnered with Al Maryah Community Bank (Mbank) and AED Stablecoin LLC to accept AE Coin, the UAE's AED-backed stablecoin, across its fuel stations, Oasis convenience stores and car washes nationwide, announced around Abu Dhabi Finance Week.

Aug 14, 2026

PartnershipAnnounced

Mbank Partners with Blockchain Center Abu Dhabi

Mbank signed a strategic partnership with Abu Dhabi Blockchain Center and AED Stablecoin (AE Coin) to expand AE Coin payments via the AEC Wallet and support blockchain education/capacity building in the UAE.

Apr 2, 2026

PartnershipAnnounced

Mbank and DFM Launch IPO Upgrade Program

Mbank partnered with Dubai Financial Market (DFM), integrated via iVestor, to launch 'IPO Upgrade' - a subscription leverage service letting investors increase IPO subscription amounts up to 5x, aligned with new CBUAE IPO financing rules.

Nov 25, 2024

PartnershipAnnounced

Mbank Partners with First Abu Dhabi Bank (FAB) for Cash/Cheque Deposits

Mbank customers gained ability to deposit cash and cheques via FAB's network of 194 ATMs/Cash Deposit Machines across the UAE using a reference code generated in Mbank's app.

Jul 31, 2024

Project Launch / Contract AwardCompleted

Mbank Completes Jaywan Domestic Card Scheme IT Infrastructure

Mbank completed the IT infrastructure for the Jaywan domestic debit card scheme and became the first UAE bank to issue Jaywan cards, subsequently offering this infrastructure as a service (via Mbank Wallet) to other UAE banks under Central Bank of UAE oversight, as part of the national rollout to over 10 million existing debit cards.

Jul 31, 2024

GovernanceAnnounced

New Board of Directors Announced

Mbank announced a newly formed seven-member board of directors led by Chairman Tariq (Tarek) Ahmed Al Masoud to strengthen governance and accelerate digital banking growth.

Apr 22, 2026

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