The International Islamic Financial Market Launches Perpetual Sukuk Al Mudarabah Tier 1 Standard Documentation Templates

On the 4th of April 2021, the International Islamic Financial Market (IIFM) announced that it had published Perpetual Sukuk Al Mudarabah Tier 1 Standard Documentation Templates. This set of documents consists of a Prospectus, Master Mudarabah Agreement and Declaration of Trust.

Why it Matters?

This suite of documents provides the global industry with a uniform set of documents with standardised definitions and updated Shariah requirements whilst also addressing issues related to repetition, transparency and clarity. It would be significantly advantageous to Tier-1 Sukuk issuers, lead arrangers, legal advisors and other related parties and stakeholders. The IIFM Chairman, Khalid Hamad Al Hamad, noted that these templates would support the ‘orderl...