RAKBANK Partners with National Bonds to Expand Sharia-Compliant Digital Investments

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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

Author is Technology Leader and Serial Entrepreneur. Founder and CEO of "Money Protects", an unicorn financial startup company thriving under the kind patronage and partnership of His Highness Zayed bin Saeed bin Zayed al Nahyan, amplifying presence in the arenas of ADGM and DIFC. Money Protects is ingeniously converges Innovation and FinTech with a primary mission to foster sustainability and instill long-term confidence within the financial services ecosystem. Leadership of over 24 years of banking and financial industry in U.A.E, Saudi Arabia and India. Last 3 Years of topnotch Entrepreneurial Leader in Financial Innovation Tech & Climate Tech with sustainable solutions in Futuristic Markets. Major Strengths: • Debt & Asset Management • Treasury, Investment & Funds/Global Markets • IP Innovation & Product Development • Structured products and Restructuring • Hedging and Derivative Markets • FinTech-Open Banking & Reg Tech Advisory • Climate Tech & Sustainable Energy. Expert in Regional/Global Regulatory operational management. Expertise in Global Intelligence, Value Research, Climate Tech & Sustainable Energy, Product Development & Launch, projects related to current global disruptive technological changes & its adaptation through FinTech & web3 Landscape – micro/macro. Tech Writer, Market Researcher, Speaker & Panelist in various International Banking & Technology Forums: Terrapin, Clear stream/Euroclear, Fleming, BII, Allan Lloyds, Trescon, Alpha-one, PWC, Finastra Universe - Misys-Connect etc.
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