RAKBANK has officially joined National Bonds’ fintech platform, Al Manassah—marking a major step forward in the UAE’s digital Islamic finance journey.
Al Manassah, launched in 2013, is a pioneering platform for trading Mudaraba-based Sukuk. It enables 24/7 issuance, transfer, and redemption of Sukuk digitally. To date, it has processed over AED 199 billion in transactions, including AED 33 billion in 2024 alone.
The inclusion of RAKBANK enhances the platform’s accessibility and reflects the growing demand for Sharia-compliant, tech-driven financial solutions. Both institutions emphasize that this partnership aligns with national goals of fintech innovation and financial inclusion.
Quote from National Bonds CEO, Mohammed Qasim Al Ali:
“This collaboration extends our mission to democratize access to Islamic investment tools through advanced fintech.”
Quote from RAKBANK CEO, Raheel Ahmed:
“We’re proud to offer our customers a seamless, Sharia-compliant investment experience through this digital integration.”
This partnership underscores the UAE’s commitment to becoming a global hub for ethical and innovative finance.
About Post Author
Mirza Ashraf Beg @ Dubai
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