# Introduction (https://docs.tsamara.xyz/docs/introduction)

Sovereign sukuk in $10 units on Solana, with every transfer rule enforced onchain.

## What Tsamara does
Sukuk are certificates of ownership in underlying assets: holders receive a share of what the
assets earn, not interest on a loan. Sovereign dollar sukuk are sold to institutions in large
minimum denominations and trade over the counter, so someone who wants that exposure in small
amounts cannot buy one directly.

Tsamara represents a sukuk series as a token with a $10 unit. An approved investor, in a
jurisdiction where the series is offered, can subscribe with stablecoins, hold units, transfer
them to another approved investor, and receive the periodic distribution onchain.

The rules about who may hold and receive units are not a policy document. They are enforced by
Solana's Token-2022 program and by a small program that runs on every transfer.

## What is true today
> **warn:** Tsamara is an unlicensed prototype on Solana devnet, built for the Colosseum Crypto World's Fair
hackathon. The sukuk series is a mock and the dollars are test tokens with no value. Nothing here
is an offer of securities, and no investment can be made. Tsamara has no regulatory approval and
no sharia certification, is not affiliated with any sovereign issuer, and its program is
unaudited. The [Status](https://docs.tsamara.xyz/docs/status) page keeps this honest.

## What a real version would be
Tsamara could not issue a sovereign sukuk. Only a sovereign's own issuer can. A real Tsamara
would hold sukuk in a vehicle and issue units against it, and each unit would have to be a
beneficial share in sukuk held on trust. A first offering would be limited to eligible investors
in one jurisdiction. The $10 unit and broad access are the design target, not something any
regime permits an unlicensed issuer today. [Regulatory and sharia notes](https://docs.tsamara.xyz/docs/regulation) sets
this out.

## Where to go next
* [How it works](https://docs.tsamara.xyz/docs/how-it-works), in five steps.
* [Try the demo](https://docs.tsamara.xyz/docs/try-the-demo) on devnet, with a test wallet.
* [Eligibility and transfers](https://docs.tsamara.xyz/docs/eligibility), what the chain checks.
* [FAQ](https://docs.tsamara.xyz/docs/faq).

If you build things, start at [For builders](https://docs.tsamara.xyz/docs/builders).