# Issuing sukuk: from idea to listing

> Everything a CFO should know before deciding to issue sukuk: structures, documents, parties and timeline.

- URL: https://www.mrprx.ir/en/blog/issuing-sukuk
- Publisher: MrPRX (https://www.mrprx.ir)
- Section: Sukuk & financing

Sukuk are Islamic securities issued against a specific asset or contract, letting companies raise funds for their projects from capital-market investors.

## What is sukuk?

Unlike a bank loan, sukuk funding comes from many investors, and each issue's structure depends on the underlying contract.

## Structures

- **Murabaha:** suited to buying raw materials or assets.
- **Ijara:** based on the company's fixed assets.
- **Manfa'a:** based on the future usufruct of an asset.

> **Key point** — The right structure depends on your assets, cash flow and the purpose of the funding — talk to a specialist before deciding.

## Documents and parties

Audited statements, a project summary, a guarantor or credit rating, and coordination with parties such as the issuing agent, market maker and underwriter.

## Timeline

Duration depends on document readiness and the structure chosen.

## Summary

For companies with financial transparency and a clear project, sukuk is a strong route to long-term funding.

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This article is for education only and is not investment or financing advice.