Bedford Row Capital (BRC), a global non-bank structuring specialist, has launched an 18-month inflation-linked sukuk. The notes will be EUR, CHF, USD and GBP, denominated Insured Money Market Certificates (IMMCTM) and will be open to investment from 14 October 2020.
“Investors are becoming more concerned about inflation with the amount of liquidity which has been pumped into the financial system. Our inflation-linked sukuk is a new way of looking at short-term inflation and will give investors looking for Sharia-compliant investments vital assurance and benchmark-beating returns in an unpredictable market.”
The Sukuk facility is issued by Al Waseelah, an islamic issuance platform that provides a streamlined and cost-effective way of funding global trade. Eligible counterparties are the beneficiaries of funding from Al Waseelah, and proceeds from the Sukuk will be used to finance the shipment of grain, cocoa, and other agricultural products.
IMMCTM-17 Series: Al Waseelah PLC announces first 360-day Sukuk issue
Al Waseelah PLC, the award-winning Shariah compliant issuance platform, has announced that its short-dated
Sukuk issue, the IMMCTM-17 Series (Waseelah Plc IMMCTM-17 EUR 360-Day Certificates, due 6th May 2022,
ISIN - GB00BMV7JM88), has been fully subscribed.
UK firm targets SME sukuk origination in Islamic countries
Bedford Row Capital (BRC), a London-based fixed income structuring specialist, is eyeing sukuk origination opportunities for small and medium-sized enterprises in Islamic countries following the launch of its short-term Sukuk product for liquidity management.
CREST Participant ID: BO01
CREST Member ID: 1
Euroclear ID: 78009
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