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SUKUK ANG

Sovereign Sukuk – Shariah-Compliant Investment with BDL

It’s what?

Sovereign Sukuk Ijara are investment instruments that comply with the principles of Islamic finance. They are structured under an Ijara contract based on the transfer of usufruct rights over public real estate assets.
These sukuk enable subscribers to receive an annual rental return generated from the effective use of the underlying assets, within a strictly regulated legal, regulatory, and Shariah-compliant framework.
This mechanism contributes to savings mobilization, financing of strategic public projects, and broadening access to ethical and legally compliant investment instruments.

Available Sukuk Types

Two subscription amounts are offered:

100,000 DZD
1,000,000 DZD
Target Audience
Target Audience ;
Private companies ;
Public enterprises.
Subscription Conditions and Purchase Requirements
Subscription Conditions and Purchase Requirements ;
Present a valid identity document ;
Make payment by bank transfer, cheque, or cash ;
Receive the Sukuk certificate (Sak) confirming the subscription.
Structure and Tenor
The subscription period started on January 27 and remains open for two months ;
Sukuk tenor: 7 years ;
The subscriber receives an annual return of 6% of the invested amount ;
In case of resale before maturity: The sukuk is sold at the market price - Returns received before maturity are not tax-exempt ;
At the end of the 7-year period, the initial capital is repaid at the original purchase price, in addition to the annual returns already received.
Return

Fixed annual return of 6%, paid yearly over a period of 7 years

Purchase Procedure through BDL Branches
Visit any BDL branch nationwide;
Present an identity document and make payment (transfer, cheque, or cash);
A BDL advisor registers the subscription and issues the Sukuk certificate;
A subscription confirmation and sukuk follow-up are provided.
Role of Banque de Développement Local – BDL

BDL plays a central role in supporting investors and developing the Sukuk market in Algeria through:

Financial Intermediary and Distributor

  • Receiving and processing subscriptions from individuals, private companies, and public entities
  • Secure transfer of funds to the Public Treasury and monitoring of subscribed sukuk

Advisory and Personalized Support

  • Detailed explanation of sukuk structure and return mechanisms
  • Guidance on taxation and early resale conditions
  • Return simulations to help clients select the investment amount aligned with their objectives

Proximity and Ongoing Follow-Up

  • Regular monitoring of returns and invested capital
  • Assistance with resale or sukuk management procedures
  • Local point of contact to answer questions and guide subscribers at every stage
Investor Benefits
Fixed annual return;
Backing by real and strategic public assets;
Personalized advisory and support from BDL.
Why Invest through BDL?
Security and transparency;
Personalized support throughout the entire subscription process.
Practical Example of Investor Return

Assumption: Investment of 1,000,000 DZD over 7 years at an annual return of 6%.

  • Annual return: 1,000,000 × 6% = 60,000 DZD
  • Total returns over 7 years: 60,000 × 7 = 420,000 DZD
  • Capital repaid at maturity: 1,000,000 DZD
  • Total amount received: 1,420,000 DZD (excluding fees and taxes in case of early resale)

FAQ

What is a sovereign sukuk?
Sovereign Sukuk Ijara are Shariah-compliant investment instruments based on an Ijara contract that transfers usufruct rights over public real estate assets to investors.
They generate annual income from the effective use of these assets within a legal, regulatory, and Shariah-compliant framework.
They also support savings mobilization, public project financing, and access to ethical and secure investments.
Are Sovereign Sukuk Ijara Shariah-compliant?
Yes. They are certified by the competent national Shariah authority, ensuring full compliance with Islamic finance principles.
Who can subscribe?
• Algerian resident nationals
• Private companies
• Public enterprises
What is the return?
The annual return is fixed at 6% of the invested capital, paid annually for 7 years.
How are returns generated?
Returns are generated from rental income derived from the exploitation of public real estate assets under the Ijara contract and are distributed annually.
When do I receive my returns?
Returns are paid annually starting from the first year.
Can Sukuk be resold before maturity?
Yes. Resale is possible from the third year, through authorized mechanisms:
• Over-the-counter resale or via the market, in accordance with applicable regulations
• Returns received before the end of 7 years are not tax-exempt
Is the capital repaid?
Yes. At maturity (7 years), the invested capital is repaid at the original purchase price.
Can Sukuk be used as collateral?
Yes. Sovereign Sukuk Ijara may be used as collateral for financing or refinancing requests, subject to applicable regulations.
Is there any risk?
Risk is considered limited, as the sukuk are backed by real public assets, under institutional supervision and sound governance at every stage.
How can I subscribe?
Subscriptions are available at all BDL branches nationwide. BDL provides full support, including identity verification, payment processing, and issuance of the Sukuk certificate.