Subscribe now to the Silphium Pharmaceutical Company newsletter.
- Saturday - Thursday, 08:00 AM - 05:00 PM
- 0910685333
In line with its efforts to secure Sharia-compliant financing, Silphium Pharmaceutical Industries Company has issued Islamic Mudarabah sukuk as an investment tool to participate in financing its production and expansion projects. Foremost among these is the project to localize the manufacturing of intravenous solutions, medicines, and medical preparations in Libya.
Mudarabah Sukuk represent shares in the capital of a project that is operated under a Mudarabah contract. In this arrangement, investors provide the capital, and the company (the Mudarib) undertakes the management and operation. Profits are shared according to a pre-agreed ratio, while losses – if they occur – are borne solely by the capital, unless there is negligence or misconduct.
Advantages of Investing in Silphium Sukuk:
Sharia-compliant.
Linked to a real productive project in a vital and essential sector.
Attractive periodic returns based on operational results.
Contribution to supporting national industry and local medicine supply.
Transparency in fund management, coupled with Sharia oversight and financial auditing.
Presence of an external monitor from an international company overseeing the company’s assets, expenses, and revenues.
Registered with the Libyan Capital Market Authority.
Presence of a body/committee comprising elite Mudarabah sukuk holders, as per the prospectus.
Presence of a commercial arbitration body composed of sworn arbitrators to consider commercial disputes.
Subscription to these Sukuk is available to banks, companies, and individuals, in accordance with the stipulated terms and conditions outlined in the prospectus approved by the Libyan Dar al-Ifta. The offering will be conducted under the supervision of the Libyan Capital Market Authority and the relevant regulatory bodies to ensure the protection of investors’ rights.
Text of the Sharia Fatwa
Consent Text
It includes the text of the agreement.
The leading company in the pharmaceutical and medical products industry in Libya.
All rights reserved © Designed by Qeematech