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A secure return through an ethical Investment

McMatthiseCapital is working with the National Home Mortgage Finance Corporation for the issuance of the 1st ever Sukuk (Islamic Bond) Float in the Philippines.  This Project calls for the development of Housing infrastructure for the Muslim Families.

There are two (2) sites being considered for the development of the Muslim Housing.  The first is in Fairview-Sauyo and the second is in Antipolo City.  The Fairview-Sauyo Project can house more than 500 families while the Antipolo Project can house more than 2,000 Muslim Families.

Sukuk commonly refers to the Islamic equivalent of bonds. However, as opposed to conventional bonds, which merely confer ownership of a debt, Sukuk grants the investor a share of an asset, along with the commensurate cash flows and risk. As such, Sukuk securities adhere to Islamic laws sometimes referred to as Shari’ah principles, which prohibit the charging or payment of interest.

The emergence of Sukuk has been one of the most significant developments in Islamic capital markets in recent years. Put simply, Sukuk instruments act as a bridge. They link their issuers, primarily sovereigns and corporations in the Middle East and Southeast Asia, with a wide pool of investors, many of whom are seeking to diversify their holdings beyond traditional asset classes. In this way, funds raised through Sukuk can be allocated in an efficient and transparent way to infrastructure initiatives and other deserving projects in the 56 member countries of IDB, as well as communities in over 100 non-member countries.

Both domestic and foreign investors buy Sukuk having various structures approved by Shari’ah boards of Islamic scholars.

Sukuk issuance has proven its resilience during recent periods of turbulence in global capital markets. Sukuk issuance increased from US$ 14.9 billion in 2008 to US$ 23.3 billion in 2009, with Asia showing particular strength. Even so, the Sukuk market is still a niche one, with huge potential for growth. The Sukuk growth rate is currently 10-15% in global financial markets. 

 

Filresidenza Corporation

Filresidenza Corporation, together with Filresidenza Property Development Services, provides housing to construction workers. 

The project is called the “Farmgrove Villas”.  This project is situated in San Jose del Monte, Bulacan, just beside the border of Metro Manila.   Construction workers can now avail of modern residential units, within their loanable amount via the Home Development Mutual Fund (HDMF) also known as the Pag-IBIG Fund.

 

 

 

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