What relationship does Nomo have to Boubyan Bank?
Nomo is part of Bank of London and The Middle East (BLME), a UK subsidiary of Boubyan Bank. BLME is a UK Sharia-compliant bank, with a majority share held by Boubyan Bank. BLME and Nomo are part of the wider Boubyan Banking Group.
What regulations do BLME and Nomo follow in the UK?
BLME is a fully regulated UK bank. It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Nomo is a trading name of BLME and operates under BLME’s banking licence.
Funds held in Nomo are covered by the FSCS protection scheme under BLME. BLME and Nomo are also governed by the Financial Ombudsman Service for an impartial complaints resolution service.
BLME appears on the FCA Register under firm reference number 464292. Bank of London and The Middle East plc is a company registered in England & Wales. Its registered company number is 05897786. The registered office address is Cannon Place, 78 Cannon Street, London, EC4N 6HL.
Does Nomo have branches in the UK or in other regions of the world?
No. Nomo is a fully digital bank, so you can open an account in minutes on your phone. If you have any issues you can talk to a member of our team
I am a BLME customer, do I automatically get a Nomo account?
No, you need to open a Nomo account. It’s simple – download the Nomo app from the App Store to get started.