Al Waseelah PLC announces full subscription of the IMMCTM- 20 Series

By Joy Dumasia

Al Waseelah PLC, a world-leading Sukuk issuance platform, is pleased to announce the full subscription of the IMMCTM- 20 Series of short-term certificates. The IMMCTM-20 represents a 180-day certificate that provides investors with a Shariah-compliant cash management product across various currencies, providing market-leading returns based on a fixed date and fixed rate.

Al Waseelah IMMCTM offers investors the opportunity to broaden their options in an ultra-low yield environment. Additionally, it provides investors with an attractive return uncorrelated to global markets and a higher return than traditional cash alternatives.

The opportunity to have flexibility from a maturity perspective and adopt a more strategic liquidity approach, even in the short end, is an enormous advantage to investors and their active cash management, allowing them to generate the desired return.

Christoph Kruecken, Global Head of Business Development at Bedford Row Capital, said: “The IMMCTM-20 demonstrates that investors are adopting a more strategic liquidity management approach in comparison to the money market curve. Its uniqueness is not only for its Sharia compliance, risk mitigation, balanced return and short-term maturity but also by its structure allowing investors an active cash management approach.”

Al Waseelah PLC is a world-leading Sukuk issuance platform that includes Islamic liquidity management and many assets projects. Al Waseelah PLC offers a comprehensive solution for structuring, arranging, originating, and listing Sukuk and providing a streamlined and cost-effective way of raising working capital for businesses. Al Waseelah PLC is dedicated to democratising Sukuk issuance and promoting the global growth of Islamic capital markets.