Autarky Sukuk, financed a series of developments with a combined GDV of £11.2m since the start of 2024.
Autarky’s Sukuk programme, which deploys investors’ capital in a Shari’ah compliant manner, has financed five construction projects across the UK so far this year, including a 35-unit apartment building in Bradford with a GDV of £6.7m as well as the construction of an executive home in Preston with a GDV of £2.5m.
The announcement comes after Autarky developed zakat calculator to help Muslims work out their compulsory charity contributions during Ramadan, as well as It allow users to enter details of any financial assets they own to provide an instant, personalised zakat calculation.
Shoaib Bux, director of Autarky Sukuk, commented: “We are thrilled to have financed such a wide variety of projects as part of our ongoing support of the UK real estate sector.
“As the property market picks up speed following 2023’s price reset, we’re seeing a surge in demand from investors seeking Shari’ah-compliant investment opportunities in British bricks and mortar.”
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