Al Waseelah plc is a unique initiative of Khalij Group, in collaboration with Bedford Row Capital, to establish an Islamic issuance and securitization platform to help its clients issue Sukuk or notes listed on recognised stock exchanges.
Al Waseelah is the first issuance platform which is fully Shari’a compliant and has the ability to issue Sukuk or notes for any underlying Shari’a compliant assets and structures.
Al Waseelah plc is completely independent of any financial institution and allows any third party to use the programme for its Sukuk or note issuances.
Issuer: Al Waseelah plc
Programme: Sharia compliant Certificate Programme
Note and security trustee: Truva
Issuer administrator: Truva
Listing: Frankfurt Stock Exchange
Launch: May 2019
Issued series: 11