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Sukuk structures, reviewed properly

We advise arrangers, issuers, and SPV counsel on Shariah integrity of Sukuk programmes — asset eligibility, cash flows, disclosures, and documentation. We sit alongside your lawyers; we do not arrange, underwrite, or place securities.

Ijarah SukukMurabahaWakalaHybridSustainable

Discuss a programme

Structure lens

Typical advisory touchpoints

Illustrative flow — each transaction differs. We review your actual legal structure, not a template.

OriginatorIdentifies assets & commercial goals

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SPV / IssuerAcquisition & holding mechanics

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Sukuk holdersReturn & ranking (we do not market to them)

Pre-structure

Feasibility, asset pool screening, and Shariah contract options before legal spend escalates.

Documentation

Review trust deeds, agency agreements, purchase undertakings, and offering summaries.

Issuance

Final sign-off opinion and conditions for listing or private placement — you execute.

Lifecycle

Substitution events, early redemption, and profit distribution verification.

Deliverables

Structure compliance memorandum with contract rationale and identified Shariah risks.

Annotated comments on offering circular / prospectus Shariah sections (English).

Shariah advisory letter for board and trustee files — not a rating or regulatory approval.

Investor-facing Shariah summary draft for your counsel to embed (we do not distribute).

Conditions precedent checklist for ongoing compliance during the programme life.

Coordination calls with legal counsel and arranger teams as scoped.

Do you act as Shariah advisor on listed Sukuk?

We may provide advisory opinions where engaged by the issuer or arranger. Listing rules, prospectus liability, and SFC requirements remain your responsibility with your lawyers and sponsors.

Can you help place Sukuk with investors?

No. We do not arrange deals, solicit investors, or carry on regulated dealing or advising on securities under Hong Kong law.

How do you work with our law firms?

We comment on Shariah aspects; they draft enforceable legal text. Joint calls are common. Conflicting advice is escalated to your governance committee.

Important — scope of our role

Baashir Advisory Group is an independent Shariah advisory firm. We are not licensed by the Securities and Futures Commission (SFC) or any other financial regulator in Hong Kong or elsewhere.
Our work is non-regulated Shariah guidance: structure review, documentation opinions, monitoring observations, and written advisory letters aligned with AAOIFI standards where applicable.
We do not deal in, advise on, or arrange securities or collective investment schemes; accept deposits; manage client money; structure or price products; or distribute financial products on your behalf.
All business, legal, and regulatory decisions remain with your institution, your legal counsel, and your compliance function. Our opinions are advisory and do not constitute legal or investment advice.

Structuring a Sukuk programme?

Share your term sheet or structure diagram — we will scope advisory fees and timeline.