Sukuk is an investment certificate that represents the ownership interest of the holder in an asset or pool of assets. The certificate entitles the holder to receive income from the use of the assets.
TAJBank SPV Limited is the issuer of the Sukuk
Ten Billion Naira (N10,000,000,000.00)
The Issue Proceeds of the Sukuk will be remitted by the Issuer to the Mudarib (TAJBank Ltd) towards investment in TAJBank Limited’s general corporate business activities
All categories of investors, including
- High Net worth Individuals
- Institutional Investors such as commercial banks, Insurance / Takaful Companies, Pension Funds Administrators, Asset Managers
- Retail Investors
- Ethically Inclined Investors
- Cooperative Societies, Religious Bodies, State Investment Companies
- Regular cash flow as rental income will be paid half-yearly
- It is a safe and risk-free investment
N100,000.00 and additional subscription in multiples of 50 units
The Trust Sukuk certificate is perpetual, but callable after a minimum of 5 years
Yes, trading will be done on the secondary market by licensed dealers on the floor of the Nigerian Stock Exchange and on the FMDQ OTC Securities Exchange