On September 30, 2014, Luxembourg issued via a public company the first sovereign sukuk in the eurozone, authorised and facilitated by legislation of July 2, 2014 enabling the rental and sale of three administrative buildings underpinning the Islamic bond. The three  buildings owned by the Luxembourg state have been sold for €200m to a public company limited by shares (S.A.U., or société anonyme unipersonnelle) wholly owned by the Luxembourg state, which in turn has issued a €200m sukuk maturing in five years. The company rents the buildings to the state, which continues to sublease them to the current tenants. The rental income is Shariah-compliant and the whole transaction is guaranteed by the Luxembourg state.