A sukuk is a financial instrument structured to comply with the principles of Shari’ah.
Investors provide capital for purchase of, or investment in, Shari’ah-compliant assets.
In return, they are given Sukuk Trust Certificates representing an undivided ownership interest proportionate to the value of the holder’s investment.
Certificates entitle holders to receive pro rata share of the cash flows or revenues generated by the underlying tangible asset, e.g., property.
Sukuk Plc assesses customer risk profiles to ensure they meet its risk criteria.
Sukuk Plc issues Sukuk Trust Certificates in respect of a specified Shari’ah compliant asset or investment.
Sukuk Plc, as agent, applies Sukuk investor funds to purchase Shari’ah compliant commodities matching the value of the customer’s funding requirements and sells these to the customer on deferred payment terms under a Murabaha agreement.
A legal charge over the property is secured by Sukuk Plc, similar to a conventional mortgage.
Sukuk Plc believes structural tailwinds are likely to support the UK property market, and Sukuk Plc actively manages its exposure to areas experiencing pricing pressure to ensure it has a diversified portfolio.
Our rates remain relatively high because of our focus on experienced property investors, and this provides attractive risk-adjusted returns.
It argues that Islamic finance’s high ethical standards mean “impact investing, sustainability, socially responsible investing, and green investment” all fall within the mandate of Shari’ah-compliant investment.
Sukuk Plc strictly follows these standards and even intends to donate a percentage of its incentive fee to charitable causes, meaning our investors really are engaged in a socially responsible investment.
Sukuk Plc is a public limited company, registered in England No 14544519. Registered Office at 4 Cable Court, Pittman Way, Preston, PR2 9YW