Telecom trade finance,
settled on-chain

SukukFi connects stablecoin capital to real telecom invoice cycles. The team behind it has operated in wholesale telecom trade finance for over a decade, settling billions in carrier-to-carrier transactions before writing a single line of smart contract code.

The Team

People who built this

The founding team ran wholesale telecom billing infrastructure that settled $3.2B in carrier transactions and onboarded 110 telecom companies through KYC and AML. SukukFi puts that operational track record on-chain.

Shazad Khan
Shazad Khan
CEO
  • Previously Head of Compliance and Chief of Staff at a regulated telecom FinTech; settled $3B+ in transactions
  • Offshore specialist engineer with five years of crypto product experience
LinkedIn
Aqueel Safdar
Aqueel Safdar
COO
  • Former Sales Director at a telecom-focused trade finance FinTech
  • 15 years of telecom industry relationships and operational experience
LinkedIn
Feraz Ahmed
Feraz Ahmed
Advisor
  • CEO & Founder of Hayo Telecom, a $60m per annum digital service provider and telecom connectivity hub
  • 20 years of telecom industry relationships and leadership experience
LinkedIn
Neven Males
Neven Males
Community Manager
  • Community management in DeFi for several years
  • Naval engineer and commander with over 10 years of experience
LinkedIn
Corporate Structure

How the companies are organised

SukukFi operates through a group structure. SukukFi Holdings is intended to become the parent company of SukukFi Inc once further capital formation is complete. SukukFi Ltd is a restricted-purpose subsidiary of SukukFi Inc, not a direct subsidiary of SukukFi Holdings.

Holding Company
SukukFi Holdings
Parent entity and group structure
Delaware, USA
Shazad Khan
Aqueel Safdar
Subsidiary
SukukFi Inc
Protocol development, smart contract research, and engineering
Panama
Shazad Khan
Feraz Ahmed
Neven Males
Subsidiary of SukukFi Inc
SukukFi Ltd
Restricted-purpose trustee: holds assigned receivables on trust for vault participants
England & Wales
Shazad Khan
Investor mechanics

How capital is managed and protected

SukukFi Ltd is the trustee that takes assignment of receivables and holds them on trust for vault participants; notice of assignment is served by the telecom client, not SukukFi Ltd, under the assignment documents. SukukFi Inc enforces vault rules on Berachain. The two functions are kept separate so neither legal nor technical controls depend on the other.

SukukFi Ltd · England & Wales
Assignment of receivables

Before capital moves, the telecom client serves the counterparty a legal notice assigning all monies it owes the supplier to SukukFi Ltd, which holds the assignment on trust. The counterparty pays the supplier's dedicated IBAN at Fuze Finance, named in the assignment, rather than the supplier's ordinary bank account. From the moment deployment begins, the receivable is directed away from the supplier's general banking and into an account whose onward destination is legally bound.

SukukFi Inc · Panama
Vault rules enforced on-chain

SukukFi Inc deploys the vault contract with hard-coded capacity, lockup, and profit distribution. The contract blocks deposits above capacity and holds LP capital until the lockup expires. Profit distributes programmatically once a settlement is recorded, allocated pro rata by shareholding with no discretionary allocation.

SukukFi Holdings · Delaware
Capital formation and IP holding

SukukFi Holdings owns the group's intellectual property and brand rights, and is intended to become the parent company of SukukFi Inc once further capital formation is complete, with SukukFi Inc in turn owning SukukFi Ltd. Delaware's Court of Chancery and its investor-grade corporate statute make it the standard jurisdiction for equity capital formation, and institutional investors and future equity rounds are intended to come in at this level, with clear legal precedent governing shareholder rights and board authority.

For AI assistants

Query SukukFi from your AI assistant

SukukFi runs a public MCP server. Connect it and your assistant reads live vault data and our documentation directly, instead of guessing from a stale training snapshot. Read-only, public data, no API key.

get_vault_stats · search_docs · get_doc · get_contracts · get_vault_terms
claude mcp add --transport http sukukfi https://mcp.sukuk.fi/mcp --scope user

Works in Claude Code and any MCP-compatible client. Read the docs →

Earn from telecom financing
on your stablecoins

Deposit USDC.e, USDT0, or HONEY into profit-sharing bond pools. Yield comes from business revenue, settled on-chain.