Al Hilal Bank used Blockchain technology to transact a secondary market deal of a $500m bond.Given the thriving economies of many Islamic countries, we are likely to see many more banks using the transparency and efficiency that can be achieved by issuing bonds on a blockchain. One of the key components of a Sukuk bond is that of transparency in that all the costs and charges are open and clearly stated and this lends itself to a technology like blockchain where there is one ledger that holds all the relevant for the buyer and seller to see in a very open transparent manner.
