Wifak Bank prepares the first Islamic bond loan in Tunisia

On 7 March 2019, Wifak Bank General Manager Mohamed Mellousse announced that he had obtained authorization from the bank’s board of directors to launch Islamic bonds totaling 150 million Tunisian dinars (around 50 million dinars). USD).

The operation is the first of its kind in the country. The first tranche of the loan will concern 40 MD, indicates the bank which awaits the authorization of the CMF, the Financial Market Council.

Launched since 2002 under the name of Wifak Leasing, the company began its activities with an initial capital of 5 MD. It will be listed on the Tunis Stock Exchange in 2006, before operating as an Islamic bank on April 28, 2017 with 9 branches. To date, it has a network of 27 branches and a registered capital of 150 MD.

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