• Latest
Abu Dhabi Bank Settles $500 Million Bond on a Blockchain

Abu Dhabi Bank Settles $500 Million Bond on a Blockchain

November 27, 2018
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Business

Abu Dhabi Bank Settles $500 Million Bond on a Blockchain

coinnewsdaily by coinnewsdaily
November 27, 2018
in Business
0
Abu Dhabi Bank Settles $500 Million Bond on a Blockchain
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022

Abu Dhabi-headquartered Al Hilal Bank has carried a blockchain-based transaction for an Islamic bond worth $500 million.

The bank, an investment arm of the Abu Dhabi government, announced Monday that it settled the Islamic, shariah-compliant bond, or sukuk, worth $500 million on the secondary market, using blockchain tech. The bond is maturing in September 2023.

On the tech side, Jibrel Network, a UAE-based fintech startup, assisted the bank with necessary blockchain tools and infrastructure to facilitate the transaction.

The bank said it is aiming to transform the sukuk market using blockchain and integrating the tech into its infrastructure to issue more digitized or “smart” sukuks for more efficient transactions and reduced overhead costs.

Al Hilal Bank’s CEO, Alex Coelho, said:

“We are proud to be the first bank to launch a ‘Smart Blockchain Islamic Sukuk’. The advantages of using smart contracts range from safer transactions with robust Shariah compliance, to the unlocking of new opportunities.”

The bank further said that Islamic sukuks are one of the fastest growing asset classes, with $97.9 billion worth of the bonds being issued in 2017 – a 50 percent increase from 2016.

Last month, Indonesian financial firm Blossom Finance was also looking to issue Sharia-compliant bonds or sukuks on the blockchain to fund social projects.

The World Bank raised $81 million through its first blockchain-based bond in the summer.

Abu Dhabi image via Shutterstock



Credit: Source link

Tags: BusinessCryptoCrypto Business
Share76Tweet48
Previous Post

Napston Launches 100% Automated Cryptocurrency Trading Platform based on Proprietary Distributed Artificial Neural Networks Technology

Next Post

Galaxy Digital, Cumberland and More Plan New Crypto Code of Conduct

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin
Alt Coin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
what are wrapped tokens?
Bitcoin

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?
Alt Coin

What is the future of Ethereum (ETH)?

April 22, 2022
Load More
Next Post
Galaxy Digital, Cumberland and More Plan New Crypto Code of Conduct

Galaxy Digital, Cumberland and More Plan New Crypto Code of Conduct

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,259.001.51%
  • ethereumEthereum(ETH)$1,680.222.72%
  • tetherTether(USDT)$1.00-0.06%
  • binancecoinBNB(BNB)$331.971.32%
  • rippleXRP(XRP)$0.4008811.47%
  • cardanoCardano(ADA)$0.3988412.86%
  • dogecoinDogecoin(DOGE)$0.0925301.67%
  • matic-networkPolygon(MATIC)$1.284.20%
  • okbOKB(OKB)$45.693.57%
  • solanaSolana(SOL)$23.893.19%
  • shiba-inuShiba Inu(SHIB)$0.0000141.22%
  • polkadotPolkadot(DOT)$6.944.94%
  • litecoinLitecoin(LTC)$101.572.11%
  • tronTRON(TRX)$0.0660463.09%
  • daiDai(DAI)$1.00-0.04%
  • cosmosCosmos Hub(ATOM)$15.054.81%
  • chainlinkChainlink(LINK)$7.203.62%
  • ethereum-classicEthereum Classic(ETC)$23.092.81%
  • leo-tokenLEO Token(LEO)$3.360.08%
  • moneroMonero(XMR)$167.850.96%
  • bitcoin-cashBitcoin Cash(BCH)$135.612.10%
  • stellarStellar(XLM)$0.0919642.26%
  • filecoinFilecoin(FIL)$5.556.37%
  • crypto-com-chainCronos(CRO)$0.0837853.56%
  • algorandAlgorand(ALGO)$0.2812598.66%
  • vechainVeChain(VET)$0.02645410.02%
  • internet-computerInternet Computer(ICP)$5.865.79%
  • aaveAave(AAVE)$88.632.78%
  • eosEOS(EOS)$1.124.09%
  • elrond-erd-2MultiversX(EGLD)$47.844.49%
  • theta-tokenTheta Network(THETA)$1.198.77%
  • tezosTezos(XTZ)$1.246.96%
  • huobi-tokenHuobi(HT)$5.703.20%
  • paxos-standardPax Dollar(USDP)$0.99-0.28%
  • havvenSynthetix Network(SNX)$2.903.46%
  • bitcoin-cash-svBitcoin SV(BSV)$43.562.18%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.571.46%
  • dashDash(DASH)$66.123.27%
  • makerMaker(MKR)$811.6214.88%
  • iotaIOTA(MIOTA)$0.2521904.60%
  • neoNEO(NEO)$9.204.28%
  • zcashZcash(ZEC)$46.575.40%
  • zilliqaZilliqa(ZIL)$0.0309465.30%
  • basic-attention-tokenBasic Attention(BAT)$0.31476212.90%
  • compound-governance-tokenCompound(COMP)$57.918.31%
  • nemNEM(XEM)$0.0431874.87%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • kusamaKusama(KSM)$37.074.21%
  • qtumQtum(QTUM)$2.984.54%
  • bitcoin-goldBitcoin Gold(BTG)$17.753.48%
  • sushiSushi(SUSHI)$1.534.88%
  • wavesWaves(WAVES)$2.824.36%
  • golemGolem(GLM)$0.2645325.05%
  • yearn-financeyearn.finance(YFI)$7,862.443.42%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • omisegoOMG Network(OMG)$1.692.46%
  • ontologyOntology(ONT)$0.2432404.95%
  • digibyteDigiByte(DGB)$0.0115088.24%
  • umaUMA(UMA)$2.194.07%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%