Launched by BLME in July 2021, Nomo is the world’s first fully digital international Islamic bank.
Nomo provides customers with seamless, secure, and Sharia compliant digital banking. It gives account holders in Kuwait and the UAE access to a suite of state-of-the-art digital banking products, including daily banking, simple wealth management solutions, and new investment and payment products, all managed via the Nomo app.
Being based in the UK means that Nomo customers’ deposits are fully covered up to the value of £85,000 by the UK’s FSCS, and upon opening a Nomo account, customers receive a UK sort code, account number, and international bank account number (IBAN).
Nomo’s multi-currency accounts allow customers to hold, spend and send up to six currencies (GBP, USD, EUR, KWD, AED, SAR), and pay like a local at home and abroad.
With Nomo’s Fixed Term Deposit accounts, account holders can find secure UK portfolio growth in GBP, USD and EUR with competitive expected profit rates.
For those with international property ambitions, Nomo Property Finance is a Sharia-compliant product helping customers to finance UK property purchases for both rental and residential purchases*.
Sign up is straightforward** and can be completed within minutes via your smart phone. Visit https://www.nomobank.com/ to sign up or to view more information.
*Properties in England and Wales only. Your property may be at risk if you do not keep up the payments on your Nomo Property Finance
**Eligibility criteria apply