Autarky Sukuk is a type of asset-based security structured to comply with Sharia principles, available for investors looking for an ethical way to generate returns. 

With the proceeds from investments in the sukuk, Autarky will offer funding to provide capital for the purchase, refurbishment or development of residential or commercial properties in the UK.

Following Sharia principles, Autarky Sukuk will only invest in industries deemed ethical by Sharia law — this excludes anything related to gambling, arms or others.

In addition, Autarky aims to partner with external organisations and support charities on a project-by-project basis through the donation of a portion of fees generated under the programme.

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Shoaib Bux, director at Autarky Sukuk, commented: “We are proud to launch the Autarky Sukuk programme, which we believe will contribute to the increase in desire for ethical investment opportunities.  

“Islamic banking assets totalled $2.8 trillion in 2021, and are projected to hit $4 trillion by 2026, according to the London Stock Exchange Group, and we believe that it is the perfect time to make sukuks a mainstream option for ethical investors in the UK.”

Yasin Patel, director at Autarky Sukuk (pictured above), added: “The growing demand for ethical investment opportunities has led to a surge in the number of available products on the market.

“We are looking forward to helping our investors improve both their ethical and social impact, and to supporting the continued growth of sukuks and wider ethical investment opportunities in the UK.”