Launch Partners

Launch Partners

BankIslami’s Sukuk issuance secures listing

PAKISTAN: BankIslami has completed the IPO of its BankIslami Ehad Sukuk II with an issue size of PKR1 billion (US$3.58 million) and an expected profit rate of 2.5% over one-month KIBOR, according to a press release. The Sukuk issuance has also been listed on the Pakistan Stock Exchange.

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