How does Imaan Finance ensure its products are Shariah-compliant?
We have a dedicated Shariah board comprising Islamic scholars and financial experts who regularly review and certify our products and operations for Shariah compliance.
How are profit rates determined for Sukuk investments?
Profit rates for Sukuk are typically based on the underlying asset's performance and are predetermined in a way that aligns with Shariah principles. They are transparent and agreed upon upfront.
Are there any educational resources available for customers new to Islamic finance?
Yes, we offer various educational resources, including guides on Islamic finance principles and product-specific information to help our customers make informed decisions.
Steps in Sukuk Issuance
First, the issuer and advisors structure the Sukuk according to Shariah principles. Next, the Sukuk is approved by the Shariah board and relevant regulatory bodies. Then, the Sukuk is marketed to potential investors, often through a roadshow. Finally, the Sukuk is issued, and the proceeds are transferred to the issuer.
Role of Parties Involved in Sukuk Issuance
Sukuk issuance involves multiple parties, including the issuer (who needs to raise capital), the investors (who provide the capital), the trustee (who manages the Sukuk assets), and the Shariah board (which ensures Shariah compliance). Legal and financial advisors are also typically involved.