Abu Dhabi’s Al Hilal Bank Uses Blockchain to Sell Sukuk in Secondary Market

Abu Dhabi

Abu Dhabi’s Al Hilal Bank has executed the world’s first sukuk transaction using blockchain technology, it said on Monday. The Islamic bank used the distributed ledger technology, best known as the underpinning of crypto-currency Bitcoin, to sell and settle in the secondary market a small portion of its $500 million five-year sukuk, issued in September. “Al […]