---
title: "Sovereign and corporate sukuk issuers | IslamicOpenFinance™"
description: "Every issuance repeats the same steps; each one is still run by email and spreadsheets. Issuance workflow, Subscription book, Asset register and more for Sovereign and corporate sukuk issuers on IslamicOpenFinance™."
url: https://islamicopenfinance.com/sectors/sukuk-issuers/
lang: en-GB
source: "IslamicOpenFinance"
---

> Every issuance repeats the same steps; each one is still run by email and spreadsheets. Issuance workflow, Subscription book, Asset register and more for Sovereign and corporate sukuk issuers on IslamicOpenFinance™.

1. [Home](https://islamicopenfinance.com/)
2. [Sectors](https://islamicopenfinance.com/sectors/)
3. Sovereign and corporate sukuk issuers

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.

[Request a demo for this sector](https://islamicopenfinance.com/#start) See the live demo

Financial products

## What you build on IslamicOpenFinance™

1

### Issuance workflow

Structure, documents, Shariah pronouncement and regulatory approvals move through one tracked workflow.

2

### Subscription book

Orders are collected and allotted with a record of every change.

3

### Asset register

The underlying assets and their transfer to the SPV are recorded with evidence.

4

### Distribution servicing

Periodic distributions are calculated from the asset's income and paid on business days.

5

### 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 originator SPV Arrangers Trustee Shariah advisers Investors Registrar Securities regulator

[Standard setters and regulators in the directory](https://islamicopenfinance.com/directory/?sector=sukuk-issuers)

Typical flow

## A typical flow, step by step

1. **Structuring**
2. **Shariah pronouncement**
3. **Regulatory approval**
4. **Book building**
5. **Allotment**
6. **Distributions**
7. **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

**Demo** All 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

## Key terms for this sector

[Sukuk](https://islamicopenfinance.com/glossary/sukuk) [Periodic distribution](https://islamicopenfinance.com/glossary/periodic-distribution) [Ijarah](https://islamicopenfinance.com/glossary/ijarah) [Musharakah](https://islamicopenfinance.com/glossary/musharakah)

Other sectors

## Related sectors

[Markets Islamic funds and asset management Screening, purification and distributions have to be provable to investors and boards. - Shariah screening - Purification of income - Subscriptions and redemptions See the sector](https://islamicopenfinance.com/sectors/asset-management/) [Markets Takaful and retakaful Participants share risk through a fund the operator manages but does not own. - Contribution split - Claims from the risk fund - Surplus handling See the sector](https://islamicopenfinance.com/sectors/takaful/) [Social Islamic microfinance Small amounts, many customers and the need for low-cost, fair contracts. - Micro-murabaha - Qard hasan - Group products See the sector](https://islamicopenfinance.com/sectors/microfinance/)

## Build Sovereign and corporate sukuk issuers on IslamicOpenFinance™.

[Request a demo for this sector](https://islamicopenfinance.com/#start) [All sectors](https://islamicopenfinance.com/sectors/)