Total Tokenised Sukuk
30
Sukuk
Exploring Shariah-Compliant Investment OpportunitiesSukuk are a key component of Islamic finance that is gaining momentum in the digital asset landscape. At Fusang, we explore the fundamentals of Sukuk and how they fit into the broader landscape of investment options.
Total Amount Issued
USD474m
Average Profit Rate
4.73%
Underlying Sukuk Issuer
International Islamic Liquidity Management Corporation
Established by central banks and a multilateral organisation to issue shariah-compliant sukuk and facilitate effective cross-border Islamic Liquidity Management
Unpacking the Mechanics of Sukuk
Sukuk, commonly known as Islamic bonds, represent ownership interests in underlying assets. Unlike traditional bonds, which involve the payment of interest, Sukuk adheres to Islamic principles prohibiting interest. Instead, they operate on the basis of profit-sharing or asset ownership, aligning with Shariah law. The underlying asset of the Sukuk issuance can be sovereign assets, real estate, infrastructure projects, or business ventures etc.
Facilitating Access to Shariah-Compliant Assets
Fusang Exchange facilitates the listing and trading of tokenised Sukuk, bringing innovation to the realm of Islamic finance. The process begins with the listing application to Fusang Exchange sponsored by Type 3 Listing Sponsor. Fusang performs thorough due diligence and compliance checks on the Sukuk structure before deciding on the listing approval. The Sukuk is then tokenised using the Fusang Depository Receipt (FDR) standard which is compliant with Sharia principles and regulatory standards. Smart contracts govern the issuance of Sukuk tokens, ensuring transparency and immutable records on the blockchain.
Listing Requirements
Different instruments have specific requirements to meet before they get listed on the Fusang Exchange. If you intend to list your assets, please refer to the below listing requirements for the Public and Private Boards.
Private Market Listing
Type of Instrument
Specific Requirement
Sukuk
Issuerless Listing in Main Board or Private Market
Type of Instrument
Specific Requirement
Sukuk
Listing Application Pack
If you are interested to list your tokens on the Fusang Exchange, please fill in the required application details and submit all the necessary documents to us. We shall revert back to you once we receive your listing application.
Type of Instrument
Specific Requirement
Bond and Sukuk
Disclaimer: The International Islamic Liquidity Management Corporation (the IILM) is not in any way affiliated with Fusang nor any of its affiliates, parents or subsidiaries. Any reference to the IILM are not intended to indicate participation, expressly or implicitly, on the part of the IILM or any of its shareholders.