Sukuk Capital
Sukuk Capital is a Saudi Arabia-based, CMA-licensed fintech platform that connects SMEs seeking Sharia-compliant sukuk financing (SAR 10M-30M per issuer) with retail investors starting from SAR 1,000, having facilitated over SAR 11.4 billion in cumulative financing programs across 5,352+ issuances since 2021.
- Company typePrivate
- Founded2020
- HeadquartersRiyadh, Saudi Arabia
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Sukuk Capital does
Sukuk Capital (legal name: Sukuk Al Maliya Financial Company, شركة صكوك المالية) is a Saudi Arabia-based fintech platform licensed by the Capital Market Authority under license number 10-25310 to operate as a marketplace for Islamic debt instruments (sukuk) within the CMA Regulatory Sandbox. Founded in April 2020 and headquartered in Riyadh, the company operates a digital platform — available via web at sukuk.sa and native iOS/Android apps — that connects small and medium enterprises seeking Sharia-compliant financing of SAR 10 million to SAR 30 million with retail and institutional investors, addressing a gap in the Saudi capital market where debt instruments below SAR 240 million have historically been inaccessible. Since launching its first sukuk issuance in May 2021, the platform has facilitated over SAR 11.4 billion in cumulative financing programs across 5,352+ issuances and serves more than 717,000 registered investors with SAR 4.3 billion+ in cumulative distributions.
The company generates revenue through administrative fees of 3-5% charged to issuing companies plus agency fees on the investor side. Its product surface includes working capital financing, project financing, asset purchase financing, real estate development sukuk, and a real estate contributions product enabling projects up to SAR 100 million. Underlying technology comprises a proprietary credit scoring system using over 500 financial ratios, electronic integration with Saudi government entities for verification, and 20+ data and service provider connections. A three-member Sharia Committee — including AAOIFI-affiliated scholars — provides continuous religious compliance oversight, and the platform maintains a 100% coverage rate on prior issuances with a 1.14% default rate on obligations more than 90 days past due. Sukuk Capital is a privately held closed joint stock company controlled by Awqaf Manfaa for Investment Company, with SAR 50 million in registered capital and a workforce of 11-50 employees.
Sukuk Capital firmographics
Firmographics- Name
- Sukuk Capital
- Legal name
- Sukuk Al Maliya Financial Company (شركة صكوك المالية)
- Website
- https://sukuk.sa
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Sukuk Capital is a Saudi Arabia-based, CMA-licensed fintech platform that connects SMEs seeking Sharia-compliant sukuk financing (SAR 10M-30M per issuer) with retail investors starting from SAR 1,000, having facilitated over SAR 11.4 billion in cumulative financing programs across 5,352+ issuances since 2021.
- Ownership category
- akta.pro rank
Sukuk Capital industry classification
Industry- Product category
- Islamic Debt Securities Platform (Sukuk Issuance and Investment)
- NAICS
- Investment Banking and Securities Intermediation (52315), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- SME Lending & Working Capital Platforms (FSAGAJAA)
- akta.pro secondary industries
- Islamic SME & Commercial Banking (FSABAGAB), Islamic Investment Banking & Capital Markets Services (FSABAGAG)
Keywords
Where Sukuk Capital is headquartered
LocationHeadquarters
- HQ city
- Riyadh
- HQ country
- Saudi Arabia
- HQ region
- Middle East
Offices1 record
Markets served
Sukuk Capital business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Administrative Fees: Sukuk Capital charges administrative fees ranging from 3% to 5% of the financing amount from companies seeking sukuk issuance.
- Agency Fees: Fees charged to investors as agency fees for managing sukuk investments on their behalf.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Individual investors with minimum SAR 1,000 investment |
| Transaction based/ take rate | Multi-year contract | Companies seeking sukuk financing |
Distribution channels3 records
Marketing channels4 records
Sukuk Capital product offering
Product offeringCore offering
Sukuk Capital operates a digital fintech platform (web and mobile) that enables Saudi companies and SMEs to issue Sharia-compliant sukuk (Islamic debt instruments) for financing amounts between SAR 10 million and SAR 30 million, and enables individual investors to invest in these instruments starting from SAR 1,000. The platform serves SMEs underserved by traditional bank financing below the SAR 240 million threshold, and also facilitates real estate development financing through sukuk issuance and real estate contributions up to SAR 100 million.
Product overview
Sukuk Capital operates a unified fintech platform for Islamic debt instruments (sukuk), connecting companies seeking financing with investors. The platform consists of a core sukuk issuance platform for companies and an investment platform for individual and institutional investors. Supporting services include a proprietary credit scoring system, real estate financing products, and real estate contribution offerings. The company offers three main financing types: working capital, project financing, and asset purchase financing, all structured as Sharia-compliant sukuk instruments.
Differentiator
Problem solved
Functional benefit
Products and services
- Sukuk Issuance Platform Digital platform that enables Saudi companies to issue Sharia-compliant sukuk (Islamic debt instruments) and investors to invest in them; provides an alternative to traditional bank financing for SMEs underserved below the SAR 240 million threshold, with financing decisions delivered within 3 days.
- Real Estate Sukuk Financing Financing product for real estate developers covering commercial real estate development, off-plan sales financing (Wafi), residential development, and raw land development, with funding amounts up to SAR 30 million.
- Real Estate Contributions Product enabling real estate developers to finance projects up to SAR 100 million by offering the project as a contribution to investors, with full operational authority remaining with the developer.
- Working Capital Financing Sharia-compliant sukuk financing to support day-to-day operational cash flow needs of companies.
- Project Financing Sharia-compliant sukuk financing for specific business projects with repayment schedules tailored to project cash flows.
- Asset Purchase Financing Sharia-compliant sukuk financing solutions for companies to acquire assets.
Quantifiable outcome
- 93% of financing directed to SMEs
- +3 more outcomes
Companies that use Sukuk Capital
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
Sukuk Capital technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature3 records
Sukuk Capital partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Capital Market Authority (CMA)coreSukuk Capital operates under CMA license number 10-25310, enabling the company to operate as a platform for debt instruments issuance and investment in Saudi Arabia's sandbox environment.
Scale indicators13 records
Recent moves7 records
Expansion highlights5 records
Sukuk Capital competitors and assessment
Company assessmentBroad incumbents
- Saudi Fransi Capital: Investment banking arm of Banque Saudi Fransi with brokerage, asset management, and corporate finance capabilities. Comparable to Sukuk Capital as a competing Saudi capital-markets intermediary with corporate sukuk origination experience for larger issuers, though not positioned around SME sukuk or small-ticket retail investment.
- SNB Capital: Leading Saudi investment bank providing brokerage, asset management, and corporate finance. Comparable as a competing Saudi capital-markets intermediary with sukuk structuring capabilities for corporate and government issuers, though at materially larger ticket sizes than Sukuk Capital's SAR 10–30M SME focus.
- Riyad Capital: Investment banking and brokerage arm of Riyad Bank, offering brokerage, asset management, and corporate advisory including Islamic debt structuring. Comparable to Sukuk Capital as a Saudi CMA-licensed intermediary competing for sukuk origination and investment activity, though Riyad Capital operates across the full capital-markets stack and benefits from parent-bank funding.
- Al Rajhi Capital: Investment banking and brokerage arm of Al Rajhi Bank, the largest Islamic bank in Saudi Arabia; offers brokerage, asset management, and corporate advisory. Comparable as a Saudi competitor with established Islamic-finance DNA and balance-sheet capability for issuance/structuring, though operating as a broad incumbent across multiple securities-adjacent lines rather than as a sukuk-only digital platform.
Emerging players
- Wahed Invest: Global Sharia-compliant digital investment platform offering ETF-based portfolios and robo-advisory to retail investors. Comparable to Sukuk Capital through its Islamic-finance retail focus and digital onboarding, although Wahed operates primarily in portfolio management/managed funds rather than primary sukuk issuance.
- Smart Crowd: UAE DFSA-regulated digital real-estate investment platform enabling fractional property investment from small tickets. Comparable to Sukuk Capital as a MENA fintech democratizing access to real-estate cash flows via small minimum investments, though Smart Crowd focuses on equity/Musharaka structures rather than sukuk/Islamic debt.
Direct peers
- Stake: UAE/Saudi fintech enabling fractional ownership of rental properties starting from small ticket sizes with a mobile-first experience. Comparable to Sukuk Capital's real-estate contribution and Sukuk product line in terms of retail investor access to Sharia-compliant real-estate cash flows, although Stake targets direct property ownership rather than debt instruments.
- Ethis: Islamic-fintech equity crowdfunding and impact-investing platform operating across Southeast Asia and MENA. Comparable to Sukuk Capital through its Sharia-compliant fixed-income/equity instruments, digital onboarding, and SME-funding orientation, although Ethis tends to operate in smaller ticket sizes and a different geography.
- Derayah Financial: Saudi CMA-licensed fintech investment platform offering securities brokerage, wealth advisory, and digital investing to Saudi retail and institutional clients. Directly comparable to Sukuk Capital as a Saudi fintech capital-markets intermediary facilitating access to securities (including Sharia-compliant instruments) with electronic onboarding and app-based distribution.
Others
- Manfaa Capital (parent ecosystem): Awqaf Manfaa for Investment Company, the controlling shareholder of Sukuk Capital, runs a broader investment-portfolio operation including private-equity and real-estate activities. Relevant as the parent governance and capital-allocation counterparty shaping Sukuk Capital's strategy, product roadmap, and access to deal flow.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Sukuk Capital social profiles
Digital presenceSukuk Capital compliance and trust
Trust signalCompliance3 records
Sukuk Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sukuk Capital leadership team
Management profileNumber of profiles
Profiles11 records
Sukuk Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sukuk Capital M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sukuk Capital
What does Sukuk Capital do?
Sukuk Capital operates a digital fintech platform (web and mobile) that enables Saudi companies and SMEs to issue Sharia-compliant sukuk (Islamic debt instruments) for financing amounts between SAR 10 million and SAR 30 million, and enables individual investors to invest in these instruments starting from SAR 1,000. The platform serves SMEs underserved by traditional bank financing below the SAR 240 million threshold, and also facilitates real estate development financing through sukuk issuance and real estate contributions up to SAR 100 million.
Is Sukuk Capital a public or private company?
Sukuk Capital is a private company. It is classified as corporate owned and is currently operating.
When was Sukuk Capital founded?
Sukuk Capital was founded in 2020. It employs 101 to 250 people.
Where is Sukuk Capital based?
Sukuk Capital is headquartered in Riyadh, Saudi Arabia, in the Middle East region.
How does Sukuk Capital make money?
Two revenue lines are on record. Administrative Fees are the primary driver. The others are agency Fees.
Who are Sukuk Capital's main competitors?
Broad incumbents on record are Saudi Fransi Capital, SNB Capital, Riyad Capital and Al Rajhi Capital. Emerging players are Wahed Invest and Smart Crowd. Direct peers are Stake, Ethis and Derayah Financial. Manfaa Capital (parent ecosystem) is listed as an others.
Does Sukuk Capital have an API?
No public API is recorded for Sukuk Capital.
What industry is Sukuk Capital in?
Sukuk Capital's product category is Islamic Debt Securities Platform (Sukuk Issuance and Investment). Its primary akta.pro industry code is FSAGAJAA, SME Lending & Working Capital Platforms, with a secondary code of FSABAGAB, Islamic SME & Commercial Banking. Its NAICS code is 52315 and its SIC code is 6211.