National Bonds Expands Al Manassah Sukuk Trading Platform with RAKBANK Partnership
Dubai: In a strategic move to broaden the reach of Al Manassah Sukuk Trading Platform in the UAE, National Bonds has onboarded the National Bank of Ras Al Khaimah (RAKBANK) onto Al Manassah Sukuk Trading Platform. Al Manassah is among the region’s first Sharia-compliant electronic platforms for trading Mudaraba-based Sukuk for partner financial institutions. According to Emirates News Agency, since its inception in 2013, the platform has processed over AED199 billion worth of transactions, including more than AED33 billion in 2024 alone. The platform enables licensed financial institutions to subscribe, transfer, and redeem Sukuk through a secure, fully automated process