{"id":11697,"date":"2026-02-04T08:43:13","date_gmt":"2026-02-04T08:43:13","guid":{"rendered":"https:\/\/www.bdl.dz\/finance-islamique\/en\/?page_id=11697"},"modified":"2026-02-04T08:48:51","modified_gmt":"2026-02-04T08:48:51","slug":"sovereign-sukuk","status":"publish","type":"page","link":"https:\/\/www.bdl.dz\/finance-islamique\/en\/sovereign-sukuk\/","title":{"rendered":"Sovereign Sukuk"},"content":{"rendered":"\t\t
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\r\n Sovereign Sukuk \u2013 Shariah-Compliant Investment with BDL<\/span>\r\n <\/i>\r\n <\/h3>\r\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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It’s what?<\/h6>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Sovereign Sukuk Ijara are investment instruments that comply with the principles of Islamic finance. They are structured under an Ijara contract<\/strong> based on the transfer of usufruct rights over public real estate assets.
These sukuk enable subscribers to receive an annual rental return<\/strong> 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.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Available Sukuk Types<\/h6>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Two subscription amounts are offered:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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<\/i><\/div>\r\n \t
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\r\n\t \t\t100,000 DZD\t \t<\/div>\r\n\t <\/div>\r\n <\/div>\r\n
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\r\n\t \t\t1,000,000 DZD\t \t<\/div>\r\n\t <\/div>\r\n <\/div>\r\n <\/div>\r\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Target Audience<\/h6>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\r\n\t \t\tTarget Audience ;\t \t<\/div>\r\n\t <\/div>\r\n <\/div>\r\n
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\r\n\t \t\tPrivate companies ;\t \t<\/div>\r\n\t <\/div>\r\n <\/div>\r\n
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\r\n\t \t\tPublic enterprises.\t \t<\/div>\r\n\t <\/div>\r\n <\/div>\r\n <\/div>\r\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Subscription Conditions and Purchase Requirements<\/h6>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\r\n\t \t\tSubscription Conditions and Purchase Requirements ;\t \t<\/div>\r\n\t <\/div>\r\n <\/div>\r\n
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\r\n\t \t\tPresent a valid identity document ;\t \t<\/div>\r\n\t <\/div>\r\n <\/div>\r\n
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\r\n\t \t\tMake payment by bank transfer, cheque, or cash ;\t \t<\/div>\r\n\t <\/div>\r\n <\/div>\r\n
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\r\n\t \t\tReceive the Sukuk certificate (Sak) confirming the subscription.\t \t<\/div>\r\n\t <\/div>\r\n <\/div>\r\n <\/div>\r\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Structure and Tenor<\/h6>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\r\n\t \t\tThe subscription period started on January 27 and remains open for two months ;\t \t<\/div>\r\n\t <\/div>\r\n <\/div>\r\n
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\r\n\t \t\tSukuk tenor: 7 years ;\t \t<\/div>\r\n\t <\/div>\r\n <\/div>\r\n
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\r\n\t \t\tThe subscriber receives an annual return of 6% of the invested amount ;\t \t<\/div>\r\n\t <\/div>\r\n <\/div>\r\n
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\r\n\t \t\tIn case of resale before maturity: The sukuk is sold at the market price - Returns received before maturity are not tax-exempt ;\t \t<\/div>\r\n\t <\/div>\r\n <\/div>\r\n
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\r\n\t \t\tAt 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.\t \t<\/div>\r\n\t <\/div>\r\n <\/div>\r\n <\/div>\r\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Return<\/h6>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Fixed annual return of 6%, paid yearly over a period of 7 years<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Purchase Procedure through BDL Branches<\/h6>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\r\n\t \t\tVisit any BDL branch nationwide;\t \t<\/div>\r\n\t <\/div>\r\n <\/div>\r\n
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\r\n\t \t\tPresent an identity document and make payment (transfer, cheque, or cash);\t \t<\/div>\r\n\t <\/div>\r\n <\/div>\r\n
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\r\n\t \t\tA BDL advisor registers the subscription and issues the Sukuk certificate;\t \t<\/div>\r\n\t <\/div>\r\n <\/div>\r\n
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\r\n\t \t\tA subscription confirmation and sukuk follow-up are provided.\t \t<\/div>\r\n\t <\/div>\r\n <\/div>\r\n <\/div>\r\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Role of Banque de D\u00e9veloppement Local – BDL<\/h6>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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BDL plays a central role in supporting investors and developing the Sukuk market in Algeria through:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Financial Intermediary and Distributor<\/strong><\/p>