About Al Waseelah IMMCTM

Al Waseelah IMMC™ provides a streamlined and cost-effective way of raising working capital for businesses by combining self-liquidating assets with short maturity money market instruments. These certificates are Shariah compliant with enhanced credit protection.

Benefits of

Al Waseelah IMMCTM

Circumvents dilemma between credit and duration risk

The short-term certificate provides a higher return in a risk-controlled manner through self-liquidating assets with the possibility for inflation-linked, step-up, and rollover.

Provides access 

Investors benefit from access to a previously non-accessible asset class.

Fully Compliant 

A fully compliant securitization and issuance platform based in the UK and uses English Law as its legal framework.

Multicurrency Option

Al Waseelah IMMCTM is available in EUR, USD, GBP and CHF currencies with maturity buckets starting at 30-days.

How does it work?

In the case of supply chain transactions, the Issuer benefits from the sale and purchase transaction of the Goods which, once approved by the buyer’s agent, form the basis for the repayments to the Certificate holders. A dedicated Issuer collection account through which all funds flow provides visibility and risk control for the Issuer. In short, Back to Back transaction flow mitigates the risks of acceptance, insurability, delivery and counterparty.

transaction flow import export

Tiers of Risk Mitigation

The different tiers of risk mitigation reduce the overall risk and lower the default rate. The different levels of credit enhancement and over-collateralisation on a transaction and programme level reduce the overall risk. The Issuer follows strict investment guidelines which include insurance coverage (credit, card, and maritime) and end-to-end counterparty risk mitigation.

tiers of risk mitigation for immc

Recourse to Real Assets

Enhanced Credit Protection

Insurance Wrapper

Our Issuer

Al Waseelah logo

 Al Waseelah PLC is the first independent UK-based Islamic securitisation and issuance platform for SMEs, Islamic liquidity management and a wide range of assets including property, mining, green and renewable energy projects.

As an established and fully Shariah compliant issuer of Sukuk we provide an ethical, streamlined and cost-effective way of funding.

Our products are flexible in both duration and currency, which allows businesses access to more funding, and investors to more opportunities.

Our Advisers

Khalij Group logo

Khalij Group is a conglomerate focused on servicing the needs and requirements of the Islamic financial services industry and Islamic capital markets, including creating innovative and be-spoke structured solutions, fundraising, and distribution of both debt and equity instruments.

In the United Kingdom, Khalij Group is authorised and regulated by the Financial Conduct Authority. 

The foundations of Khalij Group were laid in 2008 when Khalij Islamic was established and since then Khalij Group continues to expand its geographical operations and diversify its services while continuing to focus on the needs of the Islamic finance industry and Islamic capital markets.

Our Awards

Global Islamic Finance Awards (GIFA) have grown over the years to become one of the highly coveted and most respectable market-led awards in Islamic banking and finance in the world. It is a prestigious label of excellence that recognises governments, institutions and individuals who have exhibited outstanding achievements in their respective fields, contributing to the sustainability of Islamic banking and finance as a viable system within the global international financial architecture.

history book showing banking products

A banking product since 1401

Funding the movement of goods has been a core banking product since 1401 because the risk of loss is so low and the demand in the market is unsatisfied.

Taula de Canvi, the exchange table, was a financial institution established in 1401. The municipal government of Barcelona authorized the creation of the Taula de Canvi for the safekeeping of city and private deposits as well as to help fund Barcelona´s government.

The action was taken in response to the needs, generated by the increase in trade and long-distance travel produced since the late Middle Ages; both terrestrial and above all maritime that linked the Mediterranean ports ( Marseille, Genoa, Venice, Barcelona, Valencia ) and the Atlantic of Southern and Northern Europe (Seville, Lisbon, France, England, Flanders, and Hansa).