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
-
Cameroon Plans Tax on Influencers, Content Creators as It Expands Digital Tax Base
16:19
-
DR Congo Outlines Fuel Supply Upgrade Plan for Three Provinces
16:16
-
Zambia launches digital skills trainer program to scale public sector capacity
16:11
-
Standard Chartered Explores Sale of Botswana Unit in Latest Africa Scale-Back
16:07
-
Togo Concludes AFRISTAT Presidency, Marks 12 Billion CFA Budget Approval
14:29
-
US Channels $30m to Cameroon Refugee Effort Despite Retreat from Multiple UN Agencies
14:17
-
CCI-Togo Plans Agri-Tech Complex To Modernise Farming
13:20
-
Togo Hosts WEN-Africa Conference on Gender Inequalities in Energy
11:43
-
Togo Trade Turnover Index Rises 2.8% in October 2025, Services Jump
10:19
-
EridanSeed Opens 2026 Program For High-Growth Nigerian SMEs
10:01
Africa’s AI adoption is accelerating, but its ability to scale depends primarily on foundational i...
Development Partners International sold its 20.17% stake in Atlantic Business International for mo...
African billionaires increased their combined net worth by $21.9 billion in 2025. Nigerian b...
Africa’s energy & mining exports benefit from US tariff exemptions, cushioning trade as most other...
Flutterwave acquired Nigerian open banking startup Mono in an all-share deal valued between $...
Cameroon to tax digital creators as part of broader revenue reform Tax targets income from ads, partnerships, and platform earnings Details...
Plans include new pipelines, depot upgrades, and expanded logistics capacity Operators seek rail subsidies, regular supply, and price structure...
SMART Zambia Institute trained 80 trainers in digital skills The program focuses on cybersecurity, digital systems, and fintech The initiative...
Nigeria granted Amazon Kuiper a seven-year license starting February 2026 The move opens competition with Starlink in the LEO satellite...
Located at the mouth of the Senegal River, about twenty kilometers from the Atlantic Ocean, Saint-Louis Island holds a distinctive place in the country’s...
Benin considers hosting a pan-African cultural event inspired by FESMAN but plans to use a different name. Culture Minister Jean-Michel Abimbola...