FAQ: How is it decided which property will be featured next on the crowd platform SUKUUK?

To finance their property through SUKUUK, a prospective buyer simply uses our application service and receives an automatic, non-binding financing confirmation after a successful check of the usual market property characteristics and his positive credit rating. The process takes only a few minutes. Subsequently, the prospective buyer can decide whether a binding financing offer is economically viable and should be requested. 

However, before a binding funding request is considered by SUKUUK, two conditions must be met: 

1. SUKUUK is based on the principle of solidarity. This means that buyers can only finance their dream property once they have made a one-off investment of at least €250 in a residential property. So everyone helps everyone! 

2. The property must have an acceptable SUKUUK Pre-Score. The SUKUUK Pre-Score is based on the property characteristics and personal data provided by the customer. The score helps us make an informed decision about which property will be financed next via the SUKUUK platform. Shortly before the property is to be placed on the platform, its documents are reviewed, and an independent appraisal of the market value is commissioned. The final SUKUUK score is determined based on a property valuation by an independent expert, a credit check by an independent institute, and the buyer’s personal data. As a result, only properties with solid real estate financing and the legally required asset information sheet are placed on the crowd platform.

#SUKUUK Score