Shariah compliant, short-term certificates with positive net profit of Benchmark starting at +0.75%
Highly diversified and uncorrelated to global markets with a higher return than traditional Islamic cash alternatives
Proprietary technology providing investors detailed portfolio analytics, increasing transparency and security
About Us
Al Waseelah IMMC™ provides investors with Shariah compliant multicurrency Islamic liquidity management products starting from 30 days rolling; circumventing the decision between credit and duration risk investors traditionally must take.
Investors do not have to decide between credit and duration risk.
Short duration profile makes Al Waseelah IMMCTM less vulnerable to volatility.
An attractive solution for investors seeking enhanced net cash returns in a low (negative) yield environment in a risk-controlled manner.
The Issuer, Al Waseelah is a direct participant in the “buy-and-sell” transaction.
With the clear objective of risk mitigation, Al Waseelah IMMCTM has built-in enhanced credit protections. Insurance offers real protection in case of a negative event. Additional to the Insurance cover each transaction has a built-in over-collateralization in the form of several reserves. The Issuer is the loss payee on behalf of investors.
Shariah compliant agreements with eligible counterparties for the purchase of commodities or other goods (including non-perishable consumer goods). These agreements will be primarily sale and purchase agreements at various points along the supply chain. There is no commodity speculation.
The assets are self-liquidating with an automatic rollover option, for which there is a strong demand in the market. Investors are offered the option to invest in short-term revolving assets with a positive net return. The actual breakdown of the Goods will change day to day and week to week with details available on our proprietary Dashboard.
To enhance transparency and security for both investors and insurers, the data of the certificates are kept and monitored in a dashboard built with proprietary technology. The dashboard is up to date in accordance with the principles of the “Look Through Approach” set out in various regulations which include Solvency II, capital adequacy rules, and BIS capital retention rules.
World-renowned shariah advisers, Khalij Islamic Business Consultancy provide oversight on both transactions and ethics of the programme.
CREST Participant ID: BO01
CREST Member ID: 1
Euroclear ID: 78009
This document and its content are prepared by Al Waseelah PLC. The information presented here does not constitute investment advice or a recommendation and is not an invitation to invest. Nothing in this document is intended to nor will create any binding obligation on anyone. Applications should only be made on the basis of the Pricing Supplement and Listing Particulars which are available from authorised distributors. Prospective investors should be capable of evaluating the risks and merits associated with this investment and have sufficient resources to bear any losses. No representation or warranty, express or implied, is made by Al Waseelah PLC or any of its associates, affiliates or subsidiary companies or any of their respective directors, officers, employees, advisers, representatives or agents or any other person or entity as to the fairness, adequacy, accuracy or completeness of the information or opinions contained in this document or any written or oral information made available to any interested party, and no liability whatsoever is accepted by any such person in relation to any such information or opinion