Tunisia: Wifak International Bank to issue TND10 mln in corporate sukuk
Tuesday, 30 April 2019 15:59
In a release published on April 29, 2019, the Wifak International Bank announced that it has received the approval of a TND10 million ($3.3 million) sukuk issuance. This amount could be increased to TND20 million.
In the framework of that operation, 100,000 bonds of a nominal value of TND100 each will be issued.
The subscription period is May 10 to June 30, 2019. The operation is aimed at reinforcing the bank’s stable resources to reach a liquidity ratio above 100% and fund the investment budget.
In December 2018, Wifak International Bank announced that it would issue TND150 million in a 3-year sukuk to fund its operations (following a government edict of June 2, 2018, authorizing the issuance of corporate sukuks).
Wifak International Bank was founded in 2015 after Wifak Leasing was transformed into a universal bank specialised in Islamic banking.
Live News
-
U.S. Tightens Immigration Restrictions for 19 Countries After Nov. 26 Shooting
03:58
-
ECOWAS Moves Toward First Regional E-Government Strategy
03:52
-
Joel Mirimo Introduces an All-in-One Payment Solution for the DRC
03:49
-
Liberia Expands Youth Training With EU-Backed TVET Facility
03:47
-
CleanTech: Off-Grid Solar Gains Ground in Africa and Creates New Opportunities
18:23
-
Algeria Launches National Platform to Report Corruption in Social Services
18:21
-
Togo, Burkina Faso, Niger Plan Smart Transport System for Key Trade Route
16:49
-
ECOWAS Opens Talks to Restore Constitutional Order in Guinea-Bissau
16:36
-
South Africa Rolls Out $29M Preschool Learning Fund for 115,000 Children
16:23
-
Togo: Chinese Firms Pitch Investments, Partnerships at 20th Lomé Fair
15:41
Vodacom Tanzania launches M-Pesa Global Payments, enabling seamless international transactions thr...
Kossi Ténou succeeds Badanam Patoki as president of the AMF-UMOA. Ténou brings over 20 years of e...
Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...
JA Africa launches $1.5M digital safety program in four African countries Initiative to ...
Francophone Sub-Saharan Africa hosts 860+ startups but faces deep structural weaknesses EY urges...
The U.S. suspended immigration requests from nationals of 19 countries—10 of them African—on December 2, following a November 26 shooting in...
Liberia, the EU and UNIDO began building a new TVET center in Tubmanburg to expand technical and vocational training for rural youth. The project,...
ECOWAS sent a high-level delegation on December 1 to negotiate a return to constitutional order after the military seized power ahead of the publication...
South Africa launches a 496 m rand ECCE Outcomes Fund for preschool learning Program targets 2,000 centers and 115,000 children aged...
Niokolo-Koba National Park, designated both a Biosphere Reserve and a UNESCO World Heritage Site, is one of the ecological treasures of Senegal and all of...
Hidden deep within the Arabuko-Sokoke Forest on Kenya’s coast near Malindi, the ancient city of Gedi stands as one of East Africa’s most intriguing...