Zamanat said on Sept. 10 that it is sponsoring Zamanat Fund CEIC Limited, a tokenized private credit fund registered in the Dubai International Financial Centre with a target size of up to $100 million. The fund will focus on private credit opportunities across the Gulf Cooperation Council region, where the company said small and medium-sized enterprises face an estimated $250 billion financing gap and only about 11% can access credit. The vehicle is structured as a closed-ended exempt fund regulated by the Dubai Financial Services Authority, with Truleum Venture Partners serving as manager and Apex Group providing fund administration services. Fund interests will be issued as ZM1 investment tokens on ZIGChain and offered in a regulated, whitelisted environment to eligible professional investors only. Zamanat said the launch is its first live case of bringing GCC private credit into a regulated digital structure. The company also said the fund is not an Islamic fund and is not being marketed as Shariah-compliant, adding that digital Islamic assets sit within its broader business strategy.
Zamanat said on Sept. 10 that it is sponsoring Zamanat Fund CEIC Limited, a tokenized private credit fund registered in the Dubai International Financial Centre, or DIFC, with a target size of up to $100 million.
The fund will invest mainly in private credit across the Gulf Cooperation Council region and is aimed at addressing an estimated $250 billion financing gap for small and medium-sized enterprises in the area.
According to the announcement, the vehicle is a closed-ended exempt fund regulated by the Dubai Financial Services Authority, or DFSA, and is positioned as a credit fund. Truleum Venture Partners will manage the fund, while Apex Group will provide fund administration services.
Fund interests will be issued as ZM1 investment tokens on ZIGChain. Those tokens will be offered in a regulated, whitelist-restricted environment to eligible professional investors. Zamanat said only about 11% of SMEs in the GCC region are able to obtain credit, and the fund will provide capital to businesses with solid fundamentals that remain underserved by traditional financing channels.
The company described the fund as its first live example of bringing GCC private credit into a regulated digital structure. Zamanat also said the product is not an Islamic fund and has not been marketed as Shariah-compliant. It added that "digital Islamic assets" are part of its broader business plan. The ZM1 token is available only to investors who meet DFSA professional client requirements and does not constitute a public securities offering.
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