emirates7 - In a strategic effort to expand the presence of the Al Manassah Sukuk Trading Platform in the UAE, National Bonds has added the National Bank of Ras Al Khaimah (RAKBANK) as a new partner on the platform.

Al Manassah is one of the region’s pioneering Sharia-compliant electronic platforms, facilitating the trading of Mudaraba-based Sukuk for affiliated financial institutions.

Since launching in 2013, the platform has handled transactions exceeding AED199 billion, including over AED33 billion in 2024 alone.

It offers licensed financial institutions round-the-clock access to a secure, fully automated system for Sukuk subscription, transfer, and redemption.

Mohammed Qasim Al Ali, Group CEO of National Bonds, commented, “We are delighted to bring RAKBANK on board. This collaboration supports our vision of expanding access to our Sharia-compliant platform by harnessing the power of fintech and digital transformation.”

RAKBANK Group CEO Raheel Ahmed added, “Joining forces with Al Manassah aligns perfectly with our commitment to providing innovative, Sharia-compliant financial solutions. Through cutting-edge digital tools, we aim to enhance convenience and flexibility for both individual and corporate customers.”