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Presale: BSF Sukuk Co. Ltd.

BSF Sukuk Co. Ltd. (BSF Sukuk) is a limited liability company registered in the Cayman Islands with issued shares held in trust for charitable purposes by Maples FS Ltd., established for the sole purpose of issuing Sharia-compliant securities. BSF Sukuk will issue certificates based on, among other documents, a master trust deed, a purchase undertaking, a servicing agency agreement, and a master murabaha agreement. BSF Sukuk will use at least 55% of the proceeds of the trust certificate issuance to purchase a portfolio of eligible assets from Banque Saudi Fransi (BSF; A-/Stable/A-2), which will continue to administer them. BSF may use the other part of the proceeds to purchase commodities.


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