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
-
South Africa Moves to Secure Nuclear Isotope Supply With New Research Reactor
15:53
-
Morocco’s Growth Outlook Diverges as IMF and Central Bank Split on 2026 Forecast
15:50
-
Nigerian Entrepreneur Lloyd Adiele Drives Cross-Border Payments Innovation
15:47
-
Saad Jittou Builds Integrated Transport Solution with Weego
15:36
-
Burkina Faso Advances AI Strategy with Focus on Local Languages
15:34
-
Ethiopia Unveils Smart Police Station to Digitize Public Services
15:31
-
Kenya Expands Grid Capacity With New Transmission Line in Homa Bay
14:40
-
U.S. Oil Firm Apache Reports New Gas Discovery in Egypt’s Western Desert
14:34
-
Togo, Turkey sign education agreement to support training and mobility
13:36
-
Lomé to host Francophone parliamentary conference in April
13:24
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...
Four years after Russia’s 2022 invasion of Ukraine, the fertilizer market is facing a new shock as m...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
Côte d’Ivoire raises 110bn CFA francs, meeting full target Investor demand hits 291bn CFA fra...
NECSA plans new 20–30 MW research reactor, tender expected in 2026 Facility will focus on medical isotopes, not power generation Project...
IMF projects Morocco’s growth at 4.4% in 2026, citing recovery and investment Central bank expects stronger expansion at 5.6% Outlook...
KETRACO commissions 69 km transmission line to ease grid congestion Project aims to improve reliability and reduce technical losses Upgrade...
Apache reports new onshore gas discovery in Egypt’s Western Desert Initial tests show output of about 26 million cubic feet per day Find...
Kumbi Saleh is regarded as one of the earliest major political and commercial capitals of West Africa. Located in present-day Mauritania, near the border...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...