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With more than 30 years of combined experience in specialist finance, Sukuk Plc’s founders, Yasin Patel and Shoaib Bux, are perfectly placed to help investors benefit from the UK’s growing Islamic finance sector. The pair has overseen more than £700 million of financing since 2009, and were previously managing directors at a renowned private bank.
Sukuk Plc has been established to help investors seize the opportunities presented by Shari’ah finance in the UK.
Sukuk Plc is part of the UK’s Islamic finance sector, which has surpassed $7.5 billion worth of assets.
Sukuk Plc has a maximum LTV or LTGDV of 75%, based on independent, open-market valuations, helping to minimise risk.
Sukuk Plc’s provides a new option for investors searching for Shari’ah-compliant UK property-based investments.
We target predominantly experienced property professionals providing funding for the purchase, refurbishment or development of UK residential or commercial property.
Our cautious and methodical approach helps to mitigate defaults and non-payments. At the same time, Sukuk Plc’s proposition aims to satisfy the growing desire for ethical finance.
Sukuk Plc believes Islamic finance’s high ethical standards make it an ideal candidate for investors looking to make an impact, and Sukuk Plc aims to fulfill this objective this need with its responsible proposition and charitable donations.
Our sukuk uses a wakala-based structure, in which Sukuk Plc acts as the agent (wakil).
Rights in respect of Investments funded by the investors are held in trust, with profits distributed in line with the terms of the sukuk.
Sukuk Plc is part of the UK’s fast-growing Islamic finance sector, which has surpassed $7.5 billion.
Sukuk Plc is a public limited company, registered in England No 14544519. Registered Office at 4 Cable Court, Pittman Way, Preston, PR2 9YW