25.04.2011 - Pakistan: Investment in Sukuk: Islamic banks’ limit increased to 35pct
The State Bank has provided greater opportunity to Islamic banks for investing in government papers by increasing the limit to invest in Ijara Sukuk. The State Bank issued a circular on Friday stating that the central Bank has increased maximum holding limit of Ijrara Sukuk (Islamic bonds) for Islamic banks and conventional banks, having Islamic branches to 35 per cent of issue amount..............................................Full Article: Source
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