Name: Nomo Bank Review 2026: GCC Sharia-Compliant Digital Bank in the UK
Item: Nomo
Rating: 2.6
Author: Stephan Kulik

Nomo

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).

GCC Sharia digital bank (UK-licensed) GBP

2021Founded · United Kingdom

—Customers

FCARegulator

GBP 85,000 (FSCS, via BLME)FSCS (UK — BLME holds the PRA charter)

11 Mar 26Last reviewed

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 →

The GCC-Sharia digital bank, UK-chartered.
BLME PRA charter + Boubyan Bank parent. FSCS-covered. Multi-currency.

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).