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
-
Madyo Connects Restaurants and Diners in Malawi
05:51
-
DR Congo firm Benesha plans syringe factory as Kinshasa demand tops 10 million monthly
20:22
-
Development Partners Pledge Over $200M for DRC Population Census, Exceeding Funding Needs
20:14
-
African Oil Ministers Boycott London Summit Over Local Content and Inclusivity Issues
20:11
-
Burkina Faso Creates New Body to Streamline Business Climate Reforms
19:47
-
Cameroon banana exports up 7% in 2025 as CDBM and CDC lead growth
18:59
-
WTO e-commerce moratorium debate puts Africa’s fiscal sovereignty back in focus
18:56
-
Cameroon Opens First Robusta Coffee Post-Harvest Processing Center
18:48
-
Togo to Raise 30 Billion CFA Francs on WAEMU Market Through Bills and Bonds
18:46
-
Togo Ranks Second in Africa on Women’s Legal Frameworks, Behind Mauritius
18:43
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...
Benesha to build medical consumables factory in DR Congo SEZ Project aims to cut imports amid strong demand for devices Factory to produce syringes,...
Donors pledge over $200 million for DR Congo census World Bank, AfDB consider major funding and capacity support Census aims to update data...
African oil ministers to boycott May 2026 London energy summit Protest over lack of inclusivity and weak focus on African priorities Move reflects...
Burkina Faso creates unified body for PPP dialogue, business reforms New framework to streamline institutions and improve public fund use Security...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...
Top 50 ranking highlights women across core tourism service segments Tourism contributes $168 billion to GDP and supports over 24 million...