Shoraka DV inks partnership deal with Dubai's National Bonds

KUALA LUMPUR, Nov 29 (Bernama) -- Shoraka Digital Ventures (Shoraka DV) has successfully entered into a strategic collaboration with National Bonds Corporation, the UAE’s leading Shariah-compliant savings and investment company owned by the Investment Corporation of Dubai. 

The Malaysia-based Islamic fintech company said the collaboration that was inked on Nov 21 would pave the way for both entities to leverage on each other’s strengths in offering digital financial solutions in both regions, the Middle East, and Southeast Asia. 

Shoraka DV managing director Johar Amat said National Bonds is the right partner in the Middle East given its strong connection in the region as it is a state-backed institution.

“National Bonds could also leverage on our networking in the region, especially in the Islamic finance industry to promote their innovative retail sukuk Murabaha platform among the industry players in the region,” he said in a statement.

National Bonds Group chief executive officer Mohammed Qasim Al Ali said “by working closely with Shoraka DV, we are aiming to leverage each other’s expertise to benefit our key stakeholders and the community at large.” 

"At National Bonds, we are driven by the goal of building a strong savings culture among people, and we do that not just through innovative products but with the support of our strategic partners who can help us improve operational efficiencies, geographical reach and speed to market,” he added.

-- BERNAMA