Al Waseelah IMMC™ provides a streamlined and cost-effective way of raising working capital for businesses by combining self-liquidating assets with short maturity money market instruments. These certificates are Shariah compliant with enhanced credit protection.
How does it work?
In the case of supply chain transactions, the Issuer benefits from the sale and purchase transaction of the Goods which, once approved by the buyer’s agent, form the basis for the repayments to the Certificate holders. A dedicated Issuer collection account through which all funds flow provides visibility and risk control for the Issuer. In short, Back to Back transaction flow mitigates the risks of acceptance, insurability, delivery and counterparty.
The different tiers of risk mitigation reduce the overall risk and lower the default rate. The different levels of credit enhancement and over-collateralisation on a transaction and programme level reduce the overall risk. The Issuer follows strict investment guidelines which include insurance coverage (credit, card, and maritime) and end-to-end counterparty risk mitigation.
Recourse to Real Assets
Enhanced Credit Protection
CREST Participant ID: BO01
CREST Member ID: 1
Euroclear ID: 78009
This document and its content are prepared by Al Waseelah PLC. The information presented here does not constitute investment advice or a recommendation and is not an invitation to invest. Nothing in this document is intended to nor will create any binding obligation on anyone. Applications should only be made on the basis of the Pricing Supplement and Listing Particulars which are available from authorised distributors. Prospective investors should be capable of evaluating the risks and merits associated with this investment and have sufficient resources to bear any losses. No representation or warranty, express or implied, is made by Al Waseelah PLC or any of its associates, affiliates or subsidiary companies or any of their respective directors, officers, employees, advisers, representatives or agents or any other person or entity as to the fairness, adequacy, accuracy or completeness of the information or opinions contained in this document or any written or oral information made available to any interested party, and no liability whatsoever is accepted by any such person in relation to any such information or opinion