UAE’s Al Hilal Becomes First Bank to Issue Sharia-Compliant Bond on Blockchain

UAE’s Al Hilal Becomes First Bank to Issue Sharia-Compliant Bond on Blockchain


A state-owned financial institution in the United Arab Emirates, Al Hilal Bank, has made history by becoming the world’s first Islamic bank to execute a Sukuk (Sharia-compliant bond) transaction on a blockchain. In a secondary market deal, Al Hilal Bank used blockchain technology to resell and settle a portion of a US$0.5 billion Sukuk issued

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Posted by Mark Emem on November 27, 2018 @ https://www.ccn.com/uaes-al-hilal-becomes-first-bank-to-issue-sharia-compliant-bond-on-blockchain/

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