Charanjeev: The sukuk is structured to mitigate revenue, construction and liquidity risks for the credit investor.
A novel Islamic sukuk transaction, which is the first securitisation of progress billings and the first to involve affordable housing has achieved financial close recently.
This landmark transaction – also the first syariah-compliant transaction globally – was developed, arranged and advised by NewParadigm Capital Markets Sdn Bhd.
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