GODWIN CAPITAL AND IFAAS LAUNCH THE FIRST SHARIAH COMPLIANT ALTERNATIVE TO LOAN NOTES IN EUROPE

SEPTEMBER 2019

 

GODWIN CAPITAL AND IFAAS LAUNCH THE FIRST SHARIAH COMPLIANT ALTERNATIVE TO LOAN NOTES IN EUROPE

 

Godwin Capital, the fundraising and investment arm of the Godwin Group, has introduced a new Shariah compliant investment opportunity to the European market.

The Godwin Wakala Note (‘Wakala Note’), structured by the leading international Islamic finance advisory firm IFAAS, is certified as Shariah compliant with a bespoke Fatwa issued by the renowned Shariah Scholar in the Islamic finance industry, Dr Mohamed Ali Elgari.

Godwin Capital aims to raise £20 Million through the Wakala Note, which will be used to fund property developments in key locations across the UK including Birmingham, Derby, and Nottingham.

The Wakala Note is the first Shariah compliant investment product to be launched by Godwin Capital offering investors competitive expected profit rates.

Andrew Mitchell, Group Investment Director commented: “Godwin Group is delighted to introduce its first Shariah compliant investment product to the market, which, we believe, provides an excellent opportunity for many investors to support the development of key sites across the UK. Our focus over the coming months will be to establish a strong investor introducer network to enable distribution throughout Europe and wider afield”.

All property development sites funded by the Wakala Note will be developed by Godwin Developments, the property arm of the Godwin Group, which boasts a diversified portfolio of residential, commercial and mixed-use property assets.

Commenting on the aforementioned initiative, Najib Al Aswad, Director at IFAAS, said: “We are glad that Godwin Group shares our commitment to pioneering innovative and impact-driven Islamic investment solutions. The fact of the Wakala Note being the first-of-its-kind is particularly significant, as the UK leads the soaring demand for Islamic finance in Europe. We look forward to seeing how the market re-acts to such an exciting offering aimed at providing a unique asset class to the Muslims and Non-Muslims alike. We wish all the best to Godwin Group”.

Capital at Risk | Returns not Guaranteed

 

ENDS

LEGAL DISCLAIMER:

MEDIA CONTACT:

Rupy Dhami, Marketing Manager,

Rupy.dhami@godwingroup.co.uk

0121 516 9508

 

ABOUT GODWIN

Godwin Group has an enviable reputation as a distinctive property development and investment company, with schemes across the UK. Godwin Capital is the investment arm of Godwin Group, offering both individuals and institutions a versatile product range with attractive rates of return from a proven company track record of delivery. With an extensive and diverse portfolio of commercial, residential and mixed-use property assets in key regional locations.

For more details, visit: www.godwingroup.co.uk

ABOUT IFAAS

Islamic Finance Advisory and Assurance Services (IFAAS), is an award-winning international advisory firm, specialised in Islamic finance. IFAAS provides professional consultancy services to governments, regulators, multilateral organisations, NGOs, and financial services organisations. With an established track record of successfully undertaking various projects across 45 different countries, IFAAS’ expertise has played a significant role in the development of the Islamic finance ecosystem worldwide, providing regulatory, policy and strategic advice, and capacity building services to over 20 governments. Its work has also been instrumental in the launch of over 150 Islamic finance and investment products for its Institutional clients spread across five continents. The company operates from its offices in the UK, France, Bahrain, Pakistan and Morocco, providing services dedicated to the Islamic finance industry in a range of languages including English, French, Arabic and Urdu.

For more details, visit: www.ifaas.com

 

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