Linzi Sukuk First Islamic Product on Unquoted Securities Platform
By gundihill
Published On October 21, 2024
Linzi Sukuk is structured as a premier financial product designed to meet the growing demand for Sharia-compliant financing solutions in Africa. Sukuk represents a powerful alternative to conventional bonds, providing an ethical and asset-backed investment option that aligns with Islamic principles.
These instruments are Interest Free and Asset Based, offering a secure and transparent investment mechanism for a Project. We are able to structure and Instrument that allows for a bespoke structures that align with the specific needs and goals of a Project.
The Linzi Sukuk issued by Linzi FinCo(a subsidiary of Liaison Group), is the first shariah compliant product to be listed on the NSE USP.
The 15-year Sukuk offers an attractive internal rate of return of 11.13% and will fund the construction of over 3,000 affordable institutional housing units, supporting the Kenyan government’s affordable housing agenda.
Using the innovative financing mechanism, this construction is expected to create about 3,000 direct jobs and tens of thousands of indirect employment opportunities across the country.
Whether you’re financing a new infrastructure project or seeking to diversify your investment portfolio, our Sukuk offerings provide a reliable and ethical solution.
USP Listing
The Unquoted Securities Platform (USP) is an automated solution for the issuance and trading of securities of unquoted companies.
His Excellency Hon. Dr. William Samoei Ruto PhD, C.G.H. has commended the private and public sector for working jointly to develop innovative financial solutions to finance strategic projects in the country during the Bell Ringing Ceremony to commemorate the listing of the Linzi Sukuk on the Unquoted Securities Platform of the Nairobi Securities Exchange Plc (Plc).
"The first Shari’ah-compliant product to be admitted on the USP platform"
- The Unquoted Securities Platform (USP) is an automated solution for the issuance and trading of securities of unquoted companies.
- It currently hosts the Acorn Student Accommodation Development Real Estate Investment Trust (D-REIT) and the Income Real Estate Investment Trust (I-REIT).