Al Baraka Bank Sukuk 2025
Proceeds from Albaraka Sukuk Ltd. will be allocated into two portions in which fifty one percent (51%) of the proceeds will be used to purchase the Initial Asset Portfolio from Albaraka pursuant to the Initial Asset Portfolio Sale and Purchase Agreement; and forty nine percent (49%) will be used to purchase Commodities from the Supplier, which will be subsequently sold to Albaraka pursuant to the Initial Murabaha Contract entered into pursuant to the Murabaha Agreement.