Zamanat plans to launch a $100 million tokenized private credit fund, targeting the $250 billion financing gap in the Gulf region.

Zamanat announced it is sponsoring Zamanat Fund CEIC Limited, a tokenized private credit fund registered at the Dubai International Financial Centre (DIFC). The fund has a target size of up to $100 million, focusing on private credit in the Gulf Cooperation Council (GCC) region, with the goal of filling the estimated $250 billion small and medium-sized enterprise (SME) financing gap in the area. Regulated by the Dubai Financial Services Authority (DFSA), this closed-end exempt fund is positioned as a credit fund, managed by Truleum Venture Partners, with fund administration services handled by Apex Group. Fund units will be issued as ZM1 investment tokens on ZIGChain, and offered to eligible professional investors in a regulated, whitelisted environment. Zamanat noted that only around 11% of SMEs in the GCC have access to credit, and the fund will provide capital to fundamentally sound companies underserved by traditional financing channels. The firm added that this fund marks its first successful implementation of bringing GCC private credit into a regulated digital structure. Key clarifications: The fund is not an Islamic fund nor is it marketed as Sharia-compliant; "digital Islamic assets" are part of Zamanat’s broader business strategy. ZM1 tokens are only available to investors meeting DFSA professional client requirements and do not constitute a public securities offering.