Sukuk is one of the key financing instruments in the participation finance ecosystem and requires technical expertise and detailed process management to be properly structured. At ISFA, we provide consultancy to ensure that your sukuk issuances are fully compliant with participation finance principles. We review all documents throughout the issuance process and perform necessary revisions. 

Development and investment banks, asset leasing companies, and private sector institutions planning sukuk issuances consult us for expert guidance on issues such as asset identification, analysis of ownership structure, and determining the appropriate type of sukuk. Within the framework of Islamic finance compliance, we ensure that the sukuk model is created in a transparent and solid structure. 

Our Sukuk Advisory Process 

• Determining the Sukuk Structure – We help identify the most suitable sukuk model aligned with our partner’s issuance goals and financial objectives, and guide them through the structuring process. 

• Assessment of Underlying Assets and Ownership – We analyze the structure of the underlying assets and assess the compliance of ownership with participation finance principles. 

• Analysis of Issuance Documents – We thoroughly review sukuk issuance documents in line with participation finance principles and the Lease Certificates Communiqué (III-61.1), and perform necessary revisions. 

• Revision of Terms and Contracts – We provide consultancy to ensure that issuance contracts and other legal documents are fully compliant with participation finance principles and standards. 

• Secondary Market and Implementation – We evaluate strategies to ensure that the sukuk can be traded in secondary markets and assess its sustainability. 

Contact us to carry out your sukuk issuance processes in a compliant, robust, and effective manner in line with participation finance principles.