First Blockchain-based Transaction of Sharia-compliant Bonds Processed in Abu Dhabi

First Blockchain-based Transaction of Sharia-compliant Bonds Processed in Abu Dhabi

The Al-Hilal Bank based in Abu Dhabi announced that the blockchain-powered “first Sukuk transaction” has been completed. The spokesperson of Abu Dhabi’s Al Hilal Bank commented, “Al Hilal Bank is aiming to transform the Sukuk market through embracing blockchain and integrating it into their infrastructure, paving the way for innovative digitized Islamic Sukuk.”

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