IMAN
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.
- Company typePrivate
- Founded2019
- HeadquartersTashkent, Uzbekistan
- Headcount251–500
- GTM typeB2C
- OfferingSoftware
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.
IMAN firmographics
Firmographics- 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
IMAN industry classification
Industry- 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
Where IMAN is headquartered
LocationHeadquarters
- HQ city
- Tashkent
- HQ country
- Uzbekistan
- HQ region
- Asia
Offices1 record
Markets served
IMAN business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- 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.
- Takaful insurance premiums: Coverage plans for investors providing mutual protection up to 200,000,000 sum, generating premium revenue.
- Real estate investment stakes (Saadiyat): Revenue from selling and managing equity stakes in real estate projects, with returns paid semi-annually in USD.
- Loyalty points ecosystem monetization: Adl Points earned through ecosystem activity, with accumulated points holding value within the platform ecosystem.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Free card with basic neo-banking features |
| Subscription | Monthly | Takaful insurance coverage up to 200 million sum |
| Unit Pricing | Multi-year contract | Saadiyat real estate investment stakes |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
IMAN product offering
Product offeringCore 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
Companies that use IMAN
Customer profileSegments3 records
Ideal customer profiles2 records
IMAN technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
IMAN partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Cambridge English Language Schools NetworkcoreIMANUM 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
IMAN competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
IMAN financial estimates
Financial estimateRevenue estimate
Valuation estimate
IMAN leadership team
Management profileNumber of profiles
Profiles4 records
IMAN funding detail
Funding detailFunding overview
Funding rounds7 records
Investors10 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
IMAN M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about IMAN
What does IMAN do?
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).
Is IMAN a public or private company?
IMAN is a private company. It is classified as venture growth investor backed and is currently operating.
When was IMAN founded?
IMAN was founded in 2019. It employs 251 to 500 people.
Where is IMAN based?
IMAN is headquartered in Tashkent, Uzbekistan, in the Asia region.
How does IMAN make money?
Four revenue lines are on record. Neo-banking transaction and interchange fees are the primary driver. The others are takaful insurance premiums, real estate investment stakes (Saadiyat) and loyalty points ecosystem monetization.
Does IMAN have an API?
No public API is recorded for IMAN.
What industry is IMAN in?
IMAN's product category is Sharia-Compliant Neo-Banking. Its primary akta.pro industry code is FSABAGAH, Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam). Its NAICS code is 52391 and its SIC code is 6199.