KARACHI, December 4, 2024: Pakistan’s Sukuk market witnessed remarkable growth in 2024, with the government raising Rs2 trillion through 15 auctions conducted via the Pakistan Stock Exchange (PSX) auction system. This strategic financial maneuver has not only provided cost-effective borrowing options but also showcased the increasing confidence of investors in Islamic financial instruments. Highlights of…
Karachi, October 19, 2020: The Hub Power Company Limited through its wholly owned subsidiary, Hub Power Holdings Limited, is in the process of finalising issuance of an Islamic Shariah compliant sukuk. This represents Hubco’s keen interest in promoting and supporting the Islamic financing options and the local financial industry. This proposed sukuk in the sum…
Karachi, August 10, 2020: K-Electric (KE) is pleased to announce the successful closure of its PKR 25 billion Sukuk which is the largest Sukuk issue in the private sector of Pakistan. With oversubscription of IPO portion of Sukuk by almost 2.5 times, the power utility was able to close the Sukuk subscription on 3rd August…
Islamic finance delivers another milestone transaction for Pakistan in difficult times Karachi, June 09, 2020: Meezan Bank, Pakistan’s first and largest Islamic bank has played a leading role in successfully concluding the issuance of Pakistan Energy Sukuk (PES) II worth approximately PKR 200 billion by Power Holding Limited (PHL), a public sector entity fully owned…
Karachi, May 15, 2020: Pakistan Stock Exchange announced the listing of BankIslami Pakistan Limited (BankIslami) Ehad Sukuk Certificates with effect from May 14, 2020 whereas trading in the same has commencedfrom today, May 15, 2020. The President & CEO of BankIslami, Syed Amir Ali, commenced the listing of the Sukuk issue by striking the PSX…