UAE based Zamanat launches $100 million tokenized private credit fund

Dubai-based digital Shariah assets platform, Zamanat announced its sponsorship of Zamanat Fund CEIC Limited (the “Fund”), a DIFC-domiciled tokenized private credit fund on ZigChain with a target size of up to $100 million.

As per the announcement the fund targets the GCC’s estimated $250 billion SME financing gap, with only 11 percent of SMEs across the region having access to credit. The Fund combines a regional private credit strategy, a DIFC fund structure, institutional administration and digital issuance on ZIGChain. It provides a first live demonstration of how regional private credit can be brought into a DFSA-regulated tokenized structure for Professional Clients.

The Fund is a DFSA-regulated closed-ended fund registered as an Exempt Fund and classified as a Credit Fund. It is managed by Truleum Venture Partners Limited and administered by Apex Group. Fund interests will be issued as ZM1 Investment Tokens on ZIGChain within a regulated, whitelisted environment.

Peter Hughes, Founder and CEO of Apex Group noted that Zamanat is supporting the creation of a new category in digital assets. He adds, ” Bringing institutional structure and digital distribution together within a DFSA-regulated framework sets the standard for how this market should be built, and this fund shows the model working at institutional scale.

The global market for Digital Shariah Assets does not yet exist as an institutional category. Zamanat is building it.

Zamanat is targeting one of the biggest economic contributors to GDP in the GCC region. In the UAE along SMEs generate more than half of GDP yet receive less than 10 percent of total bank lending.

The Fund will invest in private credit across the region, directing capital towards strong homegrown companies whose financing needs are not fully met through traditional lending channels. The strategy supports national ambitions to expand SME participation, private-sector growth and access to alternative financing, including priorities set out under Saudi Arabia’s Vision 2030 and the UAE Centennial 2071.

“Strong businesses across the GCC still struggle to access growth capital despite sound fundamentals. Zamanat sponsored the Fund to create a credible route between those businesses and institutional capital. With a target size of up to $100 million and interests issued as Investment Tokens, it is our first live proof point for bringing GCC private credit into a regulated digital structure for Professional Clients,” said Umair Tariq, Founder and CEO of Zamanat.

As sponsor, Zamanat brings its regional private credit, investment structuring and institutional partnership expertise to the Fund’s development. Truleum retains responsibility for all regulated fund-management activities.

The ZM1 Investment Token structure provides a blockchain-native ownership and settlement layer within the Fund’s regulated framework. It also allows qualifying investors who meet the DFSA Professional Client criteria to participate alongside institutional investors.

Zamanat is backed by Disrupt.com, a MENA-based, operator-led AI-native venture builder and lead investor in the business.

In May 2026, Truleum Venture Partners based out of DIFC ( Dubai International Financial Center) in Dubai UAE, announced that its Turleum flagship tokenized venture fund had been officially structured under DFSA (Dubai Financial Services Authority) Investment Token regime.

ZIGChain,a Layer 1 blockchain for Wealth generation infrastructure, in partnership with Disrupt.com, acquired a strategic stake in Truleum, back in 2025.