Blockchain, the world’s first sukuk transaction

Al Hilal Bank (Abu Dhabi) has finalised the world’s first sukuk transaction (the Arabic name for financial certificates), using blockchain. Davide Barbuscia writes it on Reuters.
“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,” members of the financial institution said.
Past August, the World Bank issued the world’s first public bond using only blockchain.