The new sukuk way for efficient construction financing

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.