Sukuk Holding Properties Inc and Sukuk (Brunei) Inc were set up by the Ministry of Finance (MOF) and registered under Brunei's International Business Companies Order 2000 to act as conduits for the Government to issue sukuk or Islamic financial certificates.

The Government, through the Ministry of Development, has registered government-owned assets to Sukuk Holding Properties Inc, which sell the beneficial rights to Sukuk (Brunei) Inc. The Government will then lease back these assets from Sukuk Inc. in return for lease rentals payments throughout the lease period.