UAE Central Bank Partners with Vermeg for Debt and Sukuk Platform

Apr 13, 2026

62 min

Apr 13, 2026 10:30

UAE Central Bank picks Vermeg for debt and Sukuk market platform

## Strategic Partnership Announcement

The Central Bank of the UAE (CBUAE) has selected Vermeg, a global technology solutions provider, to spearhead the development of a new Central Securities Depository (CSD) for national debt and Sukuk. This initiative is aimed at enhancing the infrastructure of the UAE's capital markets.

## Enhancing Market Infrastructure

The new platform will serve as a critical component for recording, settling, and safeguarding government debt securities and Islamic bonds. This move is expected to modernize the trading and management of these financial instruments in the UAE, aligning with the CBUAE's vision for a more integrated and efficient financial ecosystem.

## Goals and Vision

The CBUAE's strategy focuses on improving post-trade operations and boosting the global competitiveness of the UAE's financial markets. The initiative also aims to attract investments and prepare the market for future developments, particularly in digital assets and financial innovation.

## Statements from Key Figures

Saif Humaid Al Dhaheri, Assistant Governor for Banking Operations and Support Services at the CBUAE, emphasized the importance of the CSD in building a resilient financial infrastructure. Badreddine Ouali, Chairman of Vermeg, expressed pride in contributing to the UAE's ambitious vision for its capital market infrastructure, highlighting Vermeg's experience in supporting central banks and market infrastructures.

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