INABLR Middle East W.L.L (INABLR) stands at the forefront of Bahrain’s rich legacy in Islamic finance, as it successfully graduates from the Central Bank of Bahrain’s (CBB) Regulatory Sandbox, unveiling a groundbreaking Proof of Concept (POC) for fractionalized Sukuk (Islamic Bonds). This milestone not only signifies a leap forward for INABLR but also underscores Bahrain’s historical leadership in financial innovation.
With a reputation as the cradle of Islamic banking, Bahrain has long been synonymous with pioneering financial solutions. The CBB’s proactive approach has consistently propelled the nation ahead, evident in its status as the first in the region to issue a license for a crypto exchange. Now, Bahrain’s latest move to authorize fractional Sukuk and tokenize real-world assets solidifies its position as a global leader in financial innovation.
INABLR’s platform, built on the Tezos blockchain, embodies this spirit of innovation. Offering an all-encompassing solution, it integrates fractional Sukuk investments with robust KYC and AML protocols, setting new standards for transparency and accessibility in Islamic finance.
The potential of fractional Sukuk investments is vast, with the market projected to reach $2063.5 billion by 2029. Bahrain’s pivotal role in this landscape is evident, with Fitch rating over 80% of the USD dollar Sukuk outstanding from the country, totaling USD 11.4 billion, as of end-2023.
Moreover, the Bahraini Islamic finance industry’s robust performance, estimated at USD 77 billion as of end-2023, underscores the nation’s enduring prominence in the global financial arena. INABLR’s success within this thriving ecosystem is a testament to its commitment to innovation and collaboration.
As INABLR continues to redefine the possibilities within Islamic finance, it not only cements Bahrain’s legacy of financial innovation but also sets the stage for a future marked by inclusivity, transparency, and progress.
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