Like what I explain before for cypark this kind of company they need to borrow money to fund the project first, so they need to wait project complete first only can collect back those money, do not justify just based on heavy debt, you need to know the nature of business.

yutaka tong Pls study more la sukuk ain't debts
sukuk emerged to fill a gap in the global capital market. Islamic investors want to balance their equity portfolios with bond-like products. Because sukuk are asset-based securities — not debt instruments — they fit the bill. In other words, sukuk represent ownership in a tangible asset, usufruct of an asset, service, project, business, or joint venture.

yutaka tong. It's definitely different to debt in fact.Just ask my finance lectures also..
sukuk musyarakah is equity occurred as results of sharing ownership of more than 2people to set up business based on profit and dividend equally in proportion to ownership.
But ,if the event of any loss,it will also be divided according to the ratio of stock ownership

sorry a bit annoying.thanks for seeing my comment. Thanks.we learn tgt

Islamic law prohibits what's known as "riba," or interest. Therefore, traditional, Western debt instruments cannot be used as investment vehicles. To circumvent this, sukuk were created in order to link the returns and cash flows of debt financing to a specific asset being purchased, effectively distributing the benefits of that asset. This allows investors to work around the prohibition outlined under Sharia and still receive the benefits of debt financing. However, because of the way that suku

Hmmm. Instead of saying sukuk is a debt is more to an equity. It's doesn't need to pay back the parties with interest unless the project making profit. Is a kind of gathering money project and 500M is not all the expenses for this renewables enegery project.Its just part of it
and sukuk no need to pay back the capital to investors unless it's selecting to withdraw the capital. It's no a debt.Debt need to pay by installment with interest.

My 2 cents - please check on the qr for sukuk classification. In islamic finance, interest hibah is prohibited. That’s why they used the term profit sharing. But in fact this is just lam pa and pa lam which dont make any difference.

Cant deny issuance of new bond is to further bid and develop more projects. And concession business like highway and solar project requires lot of cash to build then only can get recurring income in subsequent years.

Look at the company past 2 years record, operating cash flow always is negative and the substantial shareholder sold off roughly 5% of stake within a year.

To invest in this company, lot of homeworks to do which not only look at the solar prospects. Stay safe and win more all brother and sister