1. SPV issues Sukuk certificates to raise funds for the project.
2. Sukuk issue proceeds are used to pay the contractor/builder under the istisna’ contract to build and deliver the future project.
3. Title to assets is transferred to the SPV
4a & b. Completed property/project is leased or sold to the end buyer. The end buyer pays monthly installments to the SPV.
5. The returns are distributed among the Sukuk holders.
2. Sukuk issue proceeds are used to pay the contractor/builder under the istisna’ contract to build and deliver the future project.
3. Title to assets is transferred to the SPV
4a & b. Completed property/project is leased or sold to the end buyer. The end buyer pays monthly installments to the SPV.
5. The returns are distributed among the Sukuk holders.
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