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Pakistan: Ijara Sukuk worth Rs50bln to be auctioned

Posted on 19 December 2011

The government will borrow around Rs50 billion through sales of instruments to Islamic financial institutions, a statement said. The State Bank of Pakistan (SBP) will invite tenders on December 20 for sale of three-year government of Pakistan Ijara Sukuk (GIS) from the designated primary dealers, according to the communique issued by the central bank.
The maximum value of the asset under the present issuance programme of the Ijara Sukuk is Rs234.6 billion, the communique said………………………………………..Full Article: Source

 
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