Wethaq Launches First ‘Fintech’ Sukuk
Thursday, 11 21 2019, Category: Technology, Country: U.A.E
Wethaq launches first ‘fintech’ Sukuk on its market infrastructure using SWIFT gpi Link
Today, Wethaq announced that it has issued the first pilot Sukuk on its securities market infrastructure for the Islamic capital markets under the supervision of the Dubai Financial Services Authority.
Al Ghurair Investments LLC (AGI) acted as the issuer, advised by Mashreqbank PSC acting as lead arranger, R3 as protocol provider, Clifford Chance as legal counsel and the Dubai Islamic Economy Development Centre as mentor.
Source: Arabian Gazette