Wrapping investable assets into Shariah-compliant securities (sukuk) opens them to a lucrative audience of family offices, investment funds, institutional and corporate investors and general investing public that limits its investment objects to only those that adhere to the Islamic finance principles. This is a wide audience, indeed. There are 57 Muslim countries in the world, according to the Organisation of Islamic Cooperation’s member list. Among these, 49 countries have a Muslim-majority population. Add to that the Sharia-compliant investment funds and family offices located in major finance centres such as London or Zurich. Over 150 billion USD worth of sukuk is issued annually, around 50 billion USD of that volume being foreign currency issues.

Issuance of Islamic securities has its specific rules, the main being that the terms of issue itself, the underlying assets and the way they are managed must be within the guidelines of what is permissible according to the Shariah rules. A Shariah Council must be formed to issue a Shariah opinion on Shariah compliance of the issue terms and the underlying business. We provide this for the issues we arrange.