Sukuk Issuance
Ijara, murabaha, manfaa, salam and musharakah sukuk on the capital market
For companies that need large, long-term money, sukuk bring it from the capital market instead of a bank. We help you pick the right type for your assets and cash flows, model the cost and the repayments, and prepare the company for approval, working alongside the licensed issuance adviser, guarantor and underwriter until the certificates are sold.
When clients call us
- You need large amounts for several years and bank limits are not enough
- You own assets (buildings, machinery, a fleet) that can back ijara sukuk
- You want to fund a project or buy inputs ahead with murabaha or salam sukuk
- You want to replace expensive short-term debt with longer, fixed-cost money
What we do
- Choosing the type
- Ijara, murabaha, manfaa, salam, musharakah or istisna, matched to your assets, sales and purpose.
- Cost and structure
- Amount, term, profit rate, payment schedule and the full cost including guarantor, underwriter and market-maker fees.
- Readiness
- Audited statements, credit rating, the assets or contracts behind the issue and the documents regulators ask for.
- Guarantor and underwriter
- Finding and negotiating with banks and investment banks to guarantee, underwrite and make a market in the certificates.
- Approval and issue
- Working with the licensed issuance adviser through Securities and Exchange Organization approval and the sale on TSE or Farabourse.
- After the issue
- Payment schedule, reporting and planning the next issue or refinancing.
How we work
- FitWhether sukuk is the right route, which type and roughly at what cost.
- PreparationAudit, rating, assets and documents.
- Parties and approvalGuarantor, underwriter, issuance adviser and regulator approval.
- IssueSale on the exchange and payments on schedule.
Common questions
Is sukuk only for listed companies?
No. Unlisted companies can issue too, but they need audited accounts, a guarantor and a size that justifies the fixed costs.
What makes sukuk expensive or cheap?
The profit rate the market accepts, the guarantee fee and the other parties' fees. We model the full cost before you decide.
Do you issue the sukuk yourselves?
No. We advise the company; licensed issuance advisers, guarantors and underwriters carry out their own roles.
Talk to a partner
Tell us about your situation. A partner replies within one working day.
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