Our Islamic Issuance Platform | Al Waseelah Capital S.A.

• Dar Al Istithmar is developing a state-of-the-art Islamic Issuance Platform that allows Islamic and conventional players to be able to quickly and efficiently issue Islamic money market, structured and capital market products. Most of these products are expected to have a market maker providing active secondary market liquidity and can be traded on a daily basis.
• The Platform will be an independent issuer in Luxembourg, (in the form of a securitization vehicle) that issues Islamic transferable paper linked to various money market indices in various currencies. It is open-architecture and we will invite borrowers (Islamic and conventional) who want to tap Islamic liquidity to use this infrastructure. The Islamic papers to be issued by this Platform will be tradable OTC, for example, via a Bloomberg platform.
• We envisage that central banks, Islamic banks and international investment banks will plug into our Platform and make use of its efficient design and will welcome this cost effective and flexible alternative to the current market offerings. We envisage the Platform to be able to use T+0 settlement cycles as well which will be achieved via the use of specific, already identified software and settlement technology.
• All of the Platform documentation and underlying contracts will be made public for the purpose of full transparency.

Our Islamic Issuance Platform will be able to handle different product types including money market instruments, structured products, Shari’a compliant repos and securitization products. Below is a simplified illustration of the structure for the Platform.

For further details and information on our Islamic Issuance platform please contact us