UAE National Bonds Onboards RAKBANK to Al Manassah Sukuk Trading Platform
Dubai, The Gulf Observer: In a strategic move to enhance the accessibility and reach of its Sharia-compliant investment solutions, National Bonds has officially onboarded the National Bank of Ras Al Khaimah (RAKBANK) to its pioneering Al Manassah Sukuk Trading Platform.
Al Manassah is one of the region’s first electronic platforms enabling Mudaraba-based Sukuk trading for partner financial institutions in full compliance with Islamic finance principles. Since its launch in 2013, the platform has facilitated over AED199 billion in transactions, with more than AED33 billion processed in 2024 alone.
The platform offers licensed financial institutions a secure, fully automated environment to subscribe, transfer, and redeem Sukuk around the clock.
Mohammed Qasim Al Ali, Group CEO of National Bonds, welcomed the partnership, stating:
“We are pleased to welcome RAKBANK to Al Manassah. This partnership is another step forward in our mission to empower wider access to the Sharia-compliant platform through fintech and digital innovation.”
Echoing this sentiment, Raheel Ahmed, Group Chief Executive Officer of RAKBANK, commented:
“This partnership with Al Manassah is a natural extension of our commitment to deliver innovative, Sharia-compliant solutions that empower our customers. By leveraging advanced digital capabilities, we can offer greater accessibility and flexibility to individuals and businesses alike.”
The collaboration between National Bonds and RAKBANK underscores the growing demand for seamless digital platforms that support ethical, faith-based investment options in the UAE and beyond.
