Al Waseelah
Al Waseelah (AW) is a UK based Islamic issuance and securitization platform.
The key aspects of AW are set out below:
i) Shari’a Compliance: AW is [probably] ‘one of its kind’ open architecture and fully Shari’a compliant issuance and securitization platform.
ii) Independent: AW is completely independent of any financial institution.
iii) UK based: AW is based in the UK and uses English Law as its jurisdiction, which not only well known but also have more than 600 years of precedence.
iv) Flexible: AW has a very flexible approach to securitization and it can securitize any Sharia compliant asset
(e.g. real estate) or any Shari’a compliant structure, including Wa’dbased structures, Wakala, Ijara,
Murabaha etc.
v) Protected: Each transaction on AW will be booked in a legally segregated bankruptcy remote cell of a UK plc.
vi) Cost & Time efficient: Setting up securitization vehicles can be cost and time intensive. AW offers cost and
time effective ‘one stop’ solution to all its clients.
