What IMAN does

IMAN Group Ltd., operating as IMANUM, is a Tashkent, Uzbekistan-based private fintech group founded in 2019 that has built a Sharia-compliant neo-banking ecosystem within a single mobile application (iOS/Android) targeting Muslim consumers in Uzbekistan. The platform is anchored by a free Adl VISA debit card with instant activation and integrates Neo Banking account management, QR and utility payments (telecom, internet, government services), Takaful mutual protection (coverage up to 200,000,000 Uzbek sum), the Saadiyat USD-denominated real estate stake program (semi-annual payouts), the Adl Points loyalty program, and a stake in the Cambridge English language school network. The company reports a 1M+ user base and 251–500 employees.

The underlying technology is a mobile-first platform with VISA card integration and QR payment infrastructure, distributed entirely via app stores under a self-serve, product-led growth motion. Onboarding, card issuance, balance monitoring, and bill payment all occur in-app. Distribution is concentrated in a single country (Uzbekistan), supported by a .uz domain, +998 phone number, and Uzbek-language product surface.

The business model combines transaction and interchange fees on card and bill payments, Takaful insurance premiums, equity stake sales in real estate projects (Saadiyat) with multi-year terms, and ecosystem-internal loyalty monetization through Adl Points. Pricing is largely not publicly disclosed: the card is free, Takaful premium amounts are unspecified, and Saadiyat stakes are quote-based. The company is venture-backed, having raised approximately $6.29M across at least seven disclosed rounds between December 2021 and November 2025 from investors including 500 Global, IT Park Uzbekistan, UZCARD Ventures, Block0, Battery Road Digital Holdings, MyAsia VC, and others. Founder Rustam Rahmatov serves as CEO & Chairman, with three co-founders heading Risk & Data, Investments, and Operations.

Name

IMAN

Legal name

IMAN Group Ltd.

Website

https://imanum.app

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

251–500 employees

Short description

IMANUM is a Tashkent-based Sharia-compliant neo-banking superapp serving Muslim consumers in Uzbekistan, offering interest-free banking, Takaful insurance, halal investments, payments, and loyalty via a single mobile app with a stated 1M+ user base.

Ownership category

akta.pro rank

Product category

Sharia-Compliant Neo-Banking

NAICS

Miscellaneous Intermediation (52391), Insurance Carriers (5241), All Other Financial Investment Activities (52399)

SIC

Finance Services (6199), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH)

Keywords

• Sharia-compliant banking
• Islamic finance app
• Neo-banking platform
• Takaful insurance
• Halal investment products

Headquarters

HQ city

Tashkent

HQ country

Uzbekistan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Neo-banking transaction and interchange fees: Revenue generated from card transactions, interchange fees on the Adl VISA Card, and payment processing for utility bills, QR payments, and international transfers.
2. Takaful insurance premiums: Coverage plans for investors providing mutual protection up to 200,000,000 sum, generating premium revenue.
3. Real estate investment stakes (Saadiyat): Revenue from selling and managing equity stakes in real estate projects, with returns paid semi-annually in USD.
4. Loyalty points ecosystem monetization: Adl Points earned through ecosystem activity, with accumulated points holding value within the platform ecosystem.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

IMAN, operating under the brand IMANUM, is a Sharia-compliant neo-banking ecosystem delivered through a single mobile application. The platform bundles a free Adl VISA debit card, account management (Neo Banking), QR and utility payments, a loyalty points program (Adl Points), Islamic mutual protection insurance (Takaful), and halal investment products including real estate stakes (Saadiyat) and an education investment stake (Cambridge), all structured to comply with Islamic finance principles (interest-free, riba-free, no speculation).

Product overview

IMANUM is a Sharia-compliant neobanking ecosystem that consolidates multiple Islamic financial products into a single mobile application. The platform offers a unified ecosystem architecture consisting of the Adl VISA Card (core payment instrument), Neo Banking (account management), and Payments module as the foundational services, supplemented by Adl Loyalty (rewards program), Takaful (mutual protection), Cambridge (education investment), and Saadiyat (real estate investment) as add-on modules. All products operate on interest-free Islamic financial principles, with the Adl VISA Card serving as the ecosystem hub connecting all services.

Differentiator

Problem solved

Functional benefit

Brands

• Adl: Islamic financial products including Adl VISA Card (free card with instant activation, local and international payments) and Adl Loyalty (bonus points program)
• Cambridge
• Takaful
• Saadiyat

Products and services

• Adl VISA Card A free VISA debit card with instant activation, in-app monitoring and management, supporting both local and international payments. Serves as the central hub of the IMANUM ecosystem for individual Muslim consumers in Uzbekistan.
• Neo Banking

Quantifiable outcome

• Takaful coverage up to 200,000,000 Uzbek sum
• +1 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Cambridge English Language Schools NetworkcoreStrategic or Co-development PartnerIMANUM holds an ownership stake in the Cambridge English language school network franchise in Uzbekistan. The partnership enables regular installment payments to IMANUM with an approximate 3-year term, diversifying IMANUM's revenue streams beyond pure financial services and extending its ecosystem into education. This investment stake represents a strategic diversification within the IMANUM ecosystem.

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds7 records

Investors10 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IMAN