Verified End-to-End
Govern sukuk structures. Automate Shariah board reviews. Deliver compliance proof to investors.
Benchmark your sukuk compliance posture against AAOIFI FAS 32-34, SC Malaysia, CMA Saudi, and CBB requirements.
The Cost of Getting It Wrong
Sukuk compliance gaps surface late, when structures are already priced and investor commitments are in place. These are the issues that delay closings and trigger post-issuance findings.
Structure Complexity
Ijarah, Musharakah, and Mudarabah sukuk each carry distinct Shariah compliance requirements. Hybrid structures multiply the obligation surface and create inconsistencies that only appear at Shariah board review.
Tanazul Clause Risk
Step-down and tanazul provisions must be reviewed against AAOIFI standards and the issuer fatwa scope. Undocumented variations create exposure during regulatory examination or investor due diligence.
Cross-Border Issuance Gaps
Sukuk listed across SC Malaysia, CMA Saudi, and CBB require compliance evidence packaged to each regulator's format. Assembling this manually at closing adds weeks to deal timelines.
Asset-Backed vs Asset-Based
Investors and regulators increasingly distinguish asset-backed from asset-based sukuk. Without documented structural evidence, issuers cannot defend their classification during examination or in investor disclosure.
Four Steps to Sukuk Compliance
Analyse the Sukuk Structure
ZeroH maps the sukuk structure against AAOIFI FAS 32-34 obligations. Underlying asset documentation, Shariah Standard references, and clause-level requirements are extracted and linked to the issuance record.
Run Shariah Board Review Workflows
Document submission, board member review queues, clarification tracking, and conditional approval flows are managed as structured workflows with full evidence capture at each step.
Monitor Ongoing Compliance
Post-issuance obligations such as asset maintenance, distribution confirmations, and periodic Shariah reviews are tracked as ongoing workflows with deadline alerts and evidence requirements.
Issue Blockchain-Anchored Certificates
Compliance certificates for investors and regulators are generated from workflow outputs and anchored to Hedera blockchain. Counterparties verify independently without requesting internal records.
Built for Every Stakeholder
Issuer
Compliance requirements are embedded into deal preparation, reducing last-minute Shariah board findings that delay closing.
- Pre-closing compliance checklist
- Structure-specific obligation mapping
- Faster Shariah board turnaround
Lead Arranger
A shared compliance workspace for issuer, Shariah board, and trustee replaces fragmented email threads and reduces deal management overhead.
- Shared deal compliance workspace
- Document version control
- Single audit trail for all parties
Shariah Board
Structured review queues with linked documentation, clause references, and evidence replace ad-hoc submissions and improve review throughput.
- Structured document review queue
- Clause-level obligation links
- Immutable approval records
Investors
Blockchain-anchored compliance certificates provide independent verification of sukuk Shariah status without relying on issuer representations alone.
- Independent compliance verification
- Blockchain-anchored certificates
- Ongoing post-issuance monitoring
Comprehensive Framework Support
AAOIFI Standards
- FAS 32 (Ijarah)
- FAS 33 (Investments in Sukuk)
- FAS 34 (Financial Reporting for Sukuk Issuers)
- SS 17 (Investment Sukuk)
- SS 18 (Possession)
- Governance Standard 7 (Shariah Compliance Review)
IFSB Guidelines
- IFSB-7 (Capital Adequacy for Sukuk)
- IFSB-15 (Revised Capital Adequacy)
- IFSB-16 (Pillar 3 Disclosures)
- IFSB-19 (Governance Disclosure)
Regional Regulators
Supported Sukuk Structures
Credentials and Recognition
Amanie Fatwa Approval
Shariah Supervisory Board
Finopitch 2025 Grand Prize
International Category Winner
Global Islamic Fintech Awards
RegTech Innovation
QFC Digital Asset Lab
Production Deployment
How We Compare
| ZeroH | Spreadsheet Compliance | Generic GRC Platform | |
|---|---|---|---|
| Sukuk-Specific Templates | Pre-built (FAS 32-34) | Manual build | Custom build required |
| Shariah Board Workflow | ✓ | ✗ | Limited |
| Post-Issuance Monitoring | ✓ | ✗ | Limited |
| Blockchain Verification | ✓ | ✗ | ✗ |
| Investor Compliance Certificates | ✓ (Trust Center) | ✗ | ✗ |
| Fatwa Approval | Amanie (2025) | ✗ | ✗ |
| Implementation Time | Weeks | Ongoing manual effort | 3-6 Months |
Based on publicly available product documentation.
Sukuk Compliance FAQ
Govern Your Sukuk Compliance End-to-End
From structure analysis to post-issuance monitoring, with blockchain-anchored proof for investors. AI assists with research and workflow. Scholars retain full approval authority.