UAE: Astra Tech, National Bonds to bring Shari’a-compliant savings

UAE: Astra Tech, National Bonds to bring Shari’a-compliant savings

Astra Tech, a leading consumer technology holding group has signed a Memorandum of Understanding (MoU) with National Bonds to bring Shari’a-complaint saving and investment opportunities to millions of Botim users. This partnership will give Astra Tech customers access to microfinance options specifically designed for individuals with low and medium incomes through Botim, supported by ‘Al Manassah’ Platform, owned by National Bonds. This platform will provide a convenient and transparent digital solution for corporates and individuals in the UAE seeking Sharia-compliant asset-backed financial solutions with end-to-end automation. Financial well-being In addition, customers will have the chance to invest in saving certificates through Botim, a platform used by 10 million active users in the UAE and 150 million users worldwide. This partnership opens up exciting opportunities for Astra Tech customers to improve their financial well-being and grow their savings. "We are excited to join forces with National Bonds to bring Shari’a-compliant investment opportunities directly to our vast user base of more than 150 million people," said Abdallah Abu Sheikh, CEO of Astra Tech and Botim. He continued: "Through this partnership, we are expanding our range of services and enabling our users to conveniently invest and save - these are two elements of