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by: xpoolPosted on: August 20, 2025

Saudi Bank SAB Achieves World’s First Islamic Repo on Blockchain

Saudi Arabian bank Saudi Awwal Bank (SAB) has made history by successfully completing the world’s first Islamic Repo transaction on blockchain, marking a significant advancement in financial innovation. The groundbreaking achievement was facilitated through a collaboration with Oumla, a leading provider of secure and scalable blockchain infrastructure for businesses, governments, and enterprises. )

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