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 issuedThe post UAE’s Al Hilal Becomes First Bank to Issue Sharia-Compliant Bond on Blockchain appeared first on CCN
