Issuance workflow
Structure, documents, Shariah pronouncement and regulatory approvals move through one tracked workflow.
Markets
Sovereign and corporate sukuk issuers
Every issuance repeats the same steps; each one is still run by email and spreadsheets.
Sovereigns, agencies and corporates issue sukuk backed by assets, usufruct, services or projects. The structure, the Shariah pronouncement, the book, the allotment and years of distributions all have to line up. IslamicOpenFinance™ models the issuance lifecycle and its evidence end to end.
Financial products
What you build on IslamicOpenFinance™
Subscription book
Orders are collected and allotted with a record of every change.
Asset register
The underlying assets and their transfer to the SPV are recorded with evidence.
Distribution servicing
Periodic distributions are calculated from the asset's income and paid on business days.
Redemption and dissolution
At maturity or on an event, the purchase undertaking and payments are executed and recorded.
Value chain
The actors in this chain
IslamicOpenFinance™ connects them with one contract model, one policy and one evidence trail.
Issuer or originatorSPVArrangersTrusteeShariah advisersInvestorsRegistrarSecurities regulator
Typical flow
A typical flow, step by step
- Structuring
- Shariah pronouncement
- Regulatory approval
- Book building
- Allotment
- Distributions
- Redemption
Live demo
See it in the terminal
A sukuk from SPV to maturity (demo), with each distribution date checked against the market's business days. Demo data
DemoAll institutions, people, amounts and events are fictional demonstration data. Nothing here is a Shariah ruling, an offer or advice; approving a product is for each institution's own Shariah board and regulator.
Glossary