Sukuk Al Intifa by Fuad Hamed

Top 20 FREQUENT WORDS

sukuk 26 holders 23 equity 9 rep 8 profit 6 spv 6 shareek 5 subscription 5 agreed 4 trustee 4 construction 3 execute 3 partners 3 payment 3 potential 3 purchase 3 acceptance 2 agreement 2 amount 2 cash 2 engineer 2 estate 2 independent 2 marketing 2 mortgage 2 musharakah 2 paid 2 partner 2 pre 2 price 2 project 2 relationship 2 role 2 subscribed 2 trench 2

DOCUMENT KEY POINTS

process of sukuk for reits purchase of land the real estate developer red will purchase the land for the real estate project rep bring further capital the red will bring further cash capital to abide by the central bank requirements regarding debt equity ratio for the rep marketing plan red will make a marketing plan to the potential investors to the rep mortgage of land red will create first mortgage over land in favor of the potential sukuk holders and will mark lien on its cash capital in favor of the sukuk holders establishment of spv red will establish an independent special purpose vehicle spv with a nominal capital without having any equity stake in this spv

payment of profit to sukuk holders to make sure that the profit is paid to sukuk holders as per pre agreed profit rate linked with known bench mark like libor the offer and acceptance between the red and sukuk holders will be made on the same day on which the payment of profit will be made by the red to the sukuk holders
this in accordance with shariah rulings which allow sale of equity share from one or more partners shareek in favor on one or more than one partners shareek at a price equivalent either at the market value or at any price which may be agreed in between the seller of equity share and the buyer of equity share

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DOCUMENT WORD ANALYSIS

Main Category

AlHuda Material\sukuk islamic

KeyWords

reit estate invest tax trust NA account incom NA finance boardwalk manage rental busi pakistan limit leas properties NA distributable

DOCUMENT REFERENCES

Number of Pages

2

Published Date

2010-05-31 16:16:34

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