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
-
Tunisia Tightens Curbs on Non-Priority Imports as Costs Rise Amid Middle East War
18:15
-
Guinea Cash Crunch Persists Despite $103.4 Million Injection, Exposing Circulation Issues
17:56
-
Africa’s Air Cargo Grows at Nearly Twice the World Rate in February 2026 for Fifth Month
17:51
-
World Bank Approves $90 Million for Tunisia Social Protection Programme
17:46
-
Togo launches support program for 115 cooperatives with GIZ backing
16:45
-
Togo pushes reforms to improve microfinance loan recovery
16:27
-
Angola Pushes Digital Reform With New Public Finance Innovation Hub
15:57
-
Cameroon Signs New Investment Agreement, Bringing Monthly Total Above XAF121B
15:11
-
Fermentation, Traceability and Premium: Cameroon's Cacao Ambitions on Display in Yaoundé
14:47
-
Togo adopts five-year plan to combat illicit tobacco trade
12:50
Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...
ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...
First investor town hall since 2021 signals renewed engagement with markets Authorities hi...
Tunisia tightens import financing rules to protect foreign reserves Banks must require full importer-funded deposits for non-priority goods Measures...
Africa's air cargo rose 21% in February, led by a 61.9% surge in the Asia corridor despite global logistics shifts Ethiopian Airlines gains via new...
Funding expands family allowances and disability support systems Reforms target digital payments, jobs, and support for vulnerable households The...
Casablanca Finance City becomes Africa’s top financial centre GFCI ranking shows shifting competitiveness among African financial hubs Index combines...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...