Fusang Exchange
Learn more about the tokenised sukuk, its features, how it is structured, and how Fusang's exchange members can participate now.
Fusang, a digital stock exchange operator, has listed the world’s first institutional tokenised sukuk backed by a sovereign-linked instrument, opening up access to a short-term A-1 rated sukuk for global institutions and their clients.
International Islamic Liquidity Management Corporation (IILM)* is an international organisation established by 8 central banks and a multilateral organisation to create and issue shariah-compliant sukuk to fulfil its mandate to facilitate effective cross-border Islamic liquidity management.
Steadfast backing by central banks: Current shareholders of IILM* comprise the central banks of Indonesia, Malaysia, Mauritius, Qatar, Nigeria, Turkey, Kuwait, U.A.E., and the multi-lateral organisation, Islamic Corporation for the Development of the Private Sector.
IILM sukuk are backed by highly rated sovereign assets.*
The fundraising through issuance of sukuk is to acquire and hold the underlying assets.
Each sukuk represents undivided beneficial ownership in the asset pool held beneficially on trust for the sukuk holder.
*Disclaimer: This info sheet is not intended to indicate participation, expressly or implicitly, on the part of IILM or any of its shareholders in this tokenisation exercise.
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