The SUKUUK Score is an automated evaluation tool for residential real estate crowdfunding. It makes the quality and security of SUKUUK financing transparent and comparable. The main criteria that are used to determine the SUKUUK Score are the property characteristics and the customer creditworthiness. Some detailed criteria are listed below.
Property characteristics
Real estate market
Macro location
Micro location
Housing quality
Plot
Rights to the property
Building
Residential unit
Outdoor facilities
Year of construction
State
Sustainable building materials
Equipment
Energy consumption
Renewable energy
Purchase price in relation to market value
Other criteria
Customer creditworthiness
Credit score
Equity
Liabilities
Household income
Budget expenditure
Expected number of years of work
Number of persons in household
Contract period
Investment amount in other SUKUUK crowdfunding
Waiting time for SUKUUK crowdfunding
Other criteria
The criteria are weighted differently depending on their importance. Thus, each criterion is evaluated using a predefined point scale. More important criteria are given a greater weight and vice versa. The sum of the weighted points of all the criteria is the so-called SUKUUK Score.
On the SUKUUK platform, the property with the highest SUKUUK Score comes first. This ensures that SUKUUK investors are always presented the best current offer and that the best qualified investment can be implemented as quickly as possible.
#Value appraisal #Market value #Schufa #Credit score
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