Is KSA Ijarah Sukuk Ltd (XS3174822646) halal?
Not compliant
KSA Ijarah Sukuk Ltd (XS3174822646) does not pass Sanad's Shariah screen for Sukuk.
Key facts
| ISIN | XS3174822646 |
|---|---|
| Structure | Ijara (lease) |
| Currency | USD |
| Trustee | KSA Ijarah Sukuk Limited |
Underlying assets
Usufruct rights to certain real estate assets legally owned by the Kingdom of Saudi Arabia and located in the Kingdom of Saudi Arabia (excluding the cities of Makkah and Medina)
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Frequently asked questions
Is KSA Ijarah Sukuk Ltd (XS3174822646) halal?
KSA Ijarah Sukuk Ltd (XS3174822646) does not pass Sanad's Shariah screen for Sukuk.
What is a Sukuk?
A Sukuk is an Islamic financial certificate that represents ownership in an asset or project, so holders earn a share of its returns rather than interest on a loan.
Other Sukuk
- Indonesia PP SBSN III (US71567RAH93)
- Indonesia PP SBSN III (US71567RAK23)
- Indonesia PP SBSN III (US71567RAU05)
- KSA Sukuk Ltd (XS1599284202)
- KSA Sukuk Ltd (XS1881581968)
- Saudi Telecom Sukuk (XS1992985694)
Automated screen based on the sources cited above, not a fatwa; scholars differ. Not investment advice.