The bank made the announcement on May6-7, 2024, in the Madinat Jumeirah during the Dubai Fintech Summit.

One of the first financial firms in the area to provide fractional bonds to private investors was Emirates NBD in 2023. With 96% of bank consumers actively using ENBD X, its digital wealth platform, it will now be expanding this service.

Generally, the minimum investment required by the foreign bond market is USD 200,000. Customers will be able to invest lower sums of USD 25,000 and yet benefit from fixed-income products with fractional bonds available on ENBD X.

clients can spread their risk across several bond issuers, sectors, and maturity dates with fractional bonds, which improves the stability and resilience of their investment portfolios. Fractional bonds provide clients with a number of benefits. Customers can choose bonds based on their credit ratings, preferred yields, risk tolerance, and other factors to build personalized bond portfolios that align with their investing objectives. Additionally, holders of fractional bonds have easy access to funds and can liquidate their assets at any time.

Customers can search for available bonds by yield, coupon rate, coupon frequency, maturity type, bond rank, bond category, and other sophisticated criteria using the fractional bonds offering on the ENBD X app.In addition, real-time pricing updates will be made, and clients will receive instantaneous push notifications on ENBD X upon transaction completion. Following that, clients will be able to track the amount of interest that has accumulated and the upcoming coupon payment for their bond portfolio in real-time.

"As a front-runner in digital banking innovation in the MENAT region, we are committed to enhancing our customers' banking experience by continuously introducing ground-breaking next-generation digital products and services," stated Marwan Hadi, Group Head of Retail Banking and Wealth Management at Emirates NBD. This dedication is demonstrated by the impending addition of fractional bonds to ENBD X's digital wealth platform, which combines our business and technological know-how into a unique and scalable solution.

"Serving the changing needs of our clients, Emirates NBD's launch of fractional bonds on the ENBD X digital wealth platform represents a critical turning point in our journey towards broadening access to financial markets," stated Ammar Al Haj, Group Treasurer and Head of Global Markets at Emirates NBD. At Emirates NBD, technology and innovation are our pillars. With this new service, we enable investors to participate in the global bond market with as little as USD 25,000, opening up new opportunities for portfolio diversification and wealth generation.