{"id":61747,"date":"2022-01-09T18:57:04","date_gmt":"2022-01-09T14:57:04","guid":{"rendered":"https:\/\/blog.dubaicityguide.com\/site\/?p=61747"},"modified":"2024-08-28T18:57:18","modified_gmt":"2024-08-28T14:57:18","slug":"al-manassah-simplifies-liquidity-management-solutions-for-islamic-banking","status":"publish","type":"post","link":"https:\/\/blog.dubaicityguide.com\/site\/al-manassah-simplifies-liquidity-management-solutions-for-islamic-banking\/","title":{"rendered":"Al Manassah simplifies liquidity management solutions for Islamic banking"},"content":{"rendered":"<p><strong>Dubai, UAE, 10<sup>th<\/sup>\u00a0January 2022:<\/strong>\u00a0National Bonds\u2019 Sukuk Trading Platform (STP), Al Manassah, reaches unprecedented heights in line with the growth of the Islamic Financing Industry. Al Manassah\u2019s Fintech platform has become a game changer in supporting the Banks for their liquidity management requirements, which operates all year round, with no limitation on trading hours. Al Manassah has been supporting the participating banks\u2019 performance and has increased customer satisfaction thanks to its efficiency. The Sharia-compliant Sukuk trading portal, established in 2015, was designed to facilitate the Islamic finance industry with liquidity management solutions especially for the growing Personal Finance business for retail clients.<\/p>\n<p>Financial institutions such as Abu Dhabi Islamic Bank, <a href=\"https:\/\/www.dubaicityguide.com\/\" target=\"_blank\" rel=\"noopener\">Dubai<\/a> Islamic Bank, First Abu Dhabi Bank, Sharjah Islamic Bank, and many more are avid users of Al Manassah.<\/p>\n<p>\u201cThis year marks six years since the initiation of the STP and the growth has been remarkable. To date, leading <a href=\"https:\/\/uaetoday.com\/\" target=\"_blank\" rel=\"noopener\">UAE<\/a> and regional banks have traded Sukuk worth over\u00a0<strong>AED 135 billion<\/strong>\u00a0and conducted over\u00a0<strong>a million transactions\u00a0<\/strong>by using Al Manassah. This platform\u2019s objective was to come up with out of the box fintech solutions that solve ongoing issues with other liquidity providing platforms offered in the market. The plan is to continue to transform, upgrade and enrich the experience for our partners. With stringent guidelines in place that follow Sharia-compliant processes, our platform ensures that all the clients are able to use the Al Manassah platform with zero complications,\u201d said\u00a0<strong>Rehab Lootah, Group Deputy CEO, National Bonds.<\/strong><\/p>\n<p>National Bonds\u2019 Al Manassah ensures its solutions support the financial institutions in adopting fintech solutions in the growing Islamic finance ecosystem with more emphasis on cost efficiency. The state-of-the-art technology maintains the day-to-day functionality of partnering banks with lower risks and reduced costs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dubai, UAE, 10th\u00a0January 2022:\u00a0National Bonds\u2019 Sukuk Trading Platform (STP), Al Manassah, reaches unprecedented heights in line with the growth of the Islamic Financing Industry. Al Manassah\u2019s Fintech platform has become a game changer in supporting the Banks for their liquidity management requirements, which operates all year round, with no limitation on trading hours. Al Manassah [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":61748,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-61747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/61747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/comments?post=61747"}],"version-history":[{"count":1,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/61747\/revisions"}],"predecessor-version":[{"id":61749,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/61747\/revisions\/61749"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/media\/61748"}],"wp:attachment":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/media?parent=61747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/categories?post=61747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/tags?post=61747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}