Hybrid Sukuk are Shariah-compliant financial instruments that combine multiple contracts, typically Ijarah (leasing) and Murabaha (cost-plus financing)—to fund complex infrastructure projects such as transport hubs, urban developments, and utilities.
Large-scale infrastructure projects require flexible, high-capacity financing structures. Traditional Sukuk models may lack the versatility to accommodate diverse asset classes, cash flow profiles, and investor expectations.
This course provides a technical framework for structuring hybrid Sukuk using multi-asset portfolios. It equips participants with practical tools to design, structure, and execute Shariah-compliant instruments tailored for infrastructure financing at scale.
Key Concepts Covered
• Principles of Islamic finance and Sukuk structures
• Hybrid Sukuk design (Ijarah + Murabaha combinations)
• Asset pooling and multi-asset structuring
• Cash flow modeling and risk allocation
• Legal structuring and Special Purpose Vehicles (SPVs)
• Investor profiling and market positioning
• Regulatory and Shariah compliance frameworks
Participants will apply skills to:
• Structure hybrid Sukuk for infrastructure projects
• Finance urban developments and smart cities
• Fund transport systems (airports, rail, ports)
• Attract institutional and international investors
• Optimize asset utilization in Sukuk structures
• Develop national infrastructure financing strategies
By the end of the course, participants will be able to design and structure hybrid Sukuk, mobilize large-scale capital, and support infrastructure development through Shariah-compliant financing.
Duration
5 Days
Who Should Attend
• Investment bankers and financial advisors
• Islamic finance professionals
• Government treasury and infrastructure agencies
• Legal and compliance experts
• Development finance institutions
• Project finance specialists
• Strengthen expertise in advanced Sukuk structuring
• Improve financial engineering and modeling skills
• Enhance understanding of infrastructure finance
• Build capacity in Shariah-compliant investments
• Increase effectiveness in capital market transactions
• Unlock large-scale infrastructure financing
• Attract diverse investor bases
• Strengthen Islamic capital market capabilities
• Improve project funding efficiency
• Enhance economic development through infrastructure
By the end of this course, participants will be able to:
• Understand hybrid Sukuk structures and applications
• Combine Ijarah and Murabaha effectively
• Design multi-asset Sukuk portfolios
• Structure SPVs for infrastructure financing
• Model cash flows and allocate risks
• Ensure Shariah and regulatory compliance
• Execute Sukuk issuances for large-scale projects
Module 1: Foundations of Sukuk & Infrastructure Finance
• Principles of Islamic Finance
• Overview of Sukuk structures
• Infrastructure financing requirements and challenges
• Comparing conventional vs Islamic project finance
• Exercise: Analyze infrastructure financing needs
• Case Study: Sukuk-funded infrastructure projects
Module 2: Hybrid Sukuk Structuring (Ijarah + Murabaha)
• Concept and rationale for hybrid Sukuk
• Structuring combinations of Ijarah and Murabaha
• Asset identification and pooling strategies
• Balancing lease-based and trade-based cash flows
• Shariah considerations in hybrid structures
• Practical: Design a hybrid Sukuk structure
• Case Study: Multi-asset Sukuk issuance
Module 3: Financial Engineering & Cash Flow Modeling
• Cash flow structuring for infrastructure projects
• Revenue streams: tolls, leases, service fees
• Risk allocation between stakeholders
• Financial modeling and sensitivity analysis
• Credit enhancement techniques
• Exercise: Build a Sukuk cash flow model
• Case Study: Managing financial risks
Module 4: Legal Structuring, SPVs & Compliance
• Role of Special Purpose Vehicles (SPVs)
• Legal documentation and contracts
• Regulatory frameworks and approvals
• Shariah governance and advisory boards
• Ensuring compliance across jurisdictions
• Practical: Develop a legal structure
• Case Study: Cross-border Sukuk issuance
Module 5: Market Execution & Investment Strategy
• Investor targeting and market positioning
• Pricing and issuance strategies
• Listing and secondary market considerations
• Attracting global and institutional investors
• Scaling infrastructure financing through Sukuk
• Capstone Exercise: Structure a hybrid Sukuk deal
• Case Study: Financing mega infrastructure projects
Whether you join us in a physical boardroom or through our virtual campus, we’ve designed every administrative detail for a seamless, professional experience.
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In the last 12 months, over 1,200 professionals have applied the P.E.A.K. Framework to reduce onboarding time by an average of 30% and accelerate project delivery across 14 industries.
The outcome: Participants don’t just learn. They gain the tools, confidence, and strategy to drive measurable impact.
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