25.03.2013 - SBP issues instructions for issuance of Ijara Sukuk
The State Bank of Pakistan (SBP) on Friday announced that the proceeds of the government of Pakistan Ijara Sukuk will be used by Pakistan Domestic Sukuk Company Limited (PDSCL) to purchase the assets as an agent for and on behalf of the investors. The State Bank will conduct an auction through which Sukuk investors will be identified. A circular issued by the State Bank said that the investors will execute the Sukuk subscription undertaking in favour of Pakistan Domestic Sukuk Company Limited and the National Highway Authority (NHA), which will record the commitments of the investors to subscribe the Sukuk to be issued by PDSCL...............................................Full Article: Source
Print