Will all the funds invested by the investors be transferred directly to the issuer upon deposit?

No. The funds invested by the investors are initially held in a Shariah-compliant trust account by a trustee. Once the ECF campaign is successful and all conditions precedent are fulfilled, the trustee will release the funds to the issuer, net of any success fees and applicable charges. This ensures that all regulatory requirements and agreements are met before the issuer receives the funds.

Last Update: 22 July 2024