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Islamic Finance
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Al Hilal Bank executes the world's first Blockchain Sukuk transaction
Al Hilal Bank is the first Islamic bank in the world to leverage Blockchain technology for the resale and settlement of an Islamic Sukuk. Blockchain was used to transact a secondary market deal in Al Hilal Bank’s USD500m Senior Sukuk maturing in September 2023. This was the first time…
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Source: Al Hilal Bank,ADGM and Jibrel Network