LYNQS, Leonteq’s digital investment platform, has launched a Shari’a-compliant structured product offering.
After establishing an office in Dubai in 2021, Leonteq has extended its product line to include Shari’a-compliant trust certificates in 2022 as part of its development goal to serve the larger Gulf Cooperation Council (GCC) market.
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The trust documents are issued under the Shari’a Compliant Trust Certificate Issuance and Offering Programme by IBDAA Certificate Issuer, a unique special purpose vehicle company, with Leonteq Securities AG serving as the lead manager.
Additionally, the trust certificates are intended to generate financial returns comparable to those of conventional structured investment products.
The Programme has been validated by the Shari’a Supervisory Board of Amanie Advisors Limited, which was assigned to advise IBDAA and Leonteq Securities AG on the Programme’s Shari’a compliance.
As part of Leonteq’s plan to be at the center of digitalisation and provide its clients with modern digital solutions, IBDAA has been granted permission to issue Shari’a-compliant products on LYNQS as a new issuer, with a $50,000 minimum issuance size.
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By GlobalDataFurthermore, Leonteq has established a Middle Eastern-specific platform that solely provides Shari’a-compliant investment concepts and products issued by IBDAA.
In accordance with the programme, investors can take advantage of a short time-to-market and a wide range of asset classes, currencies, and payoffs, such as participation, capital protection, and yield enhancement, using Leonteq’s platform.
Alessandro Ricci, head investment solutions at Leonteq, stated: “We are very pleased to add IBDAA as a new issuer on our multi-issuer platform. This makes LYNQS the first digital tool globally to offer Shari’a-compliant products with a competitive minimum subscription size. Today we take a further step in advancing our capabilities in Islamic finance to better serve our growing franchise in the Middle East.”
