Bank Islami Pakistan Limited Details Sukuk Issuance

Karachi, Bank Islami Pakistan Limited has provided information on its perpetual Sukuk, BIP LSC. This financial instrument has a face value of 5,000 Rs with a profit rate of 3M KIBOR + 2.75%. The total issued size is 2 billion Rs, and the outstanding principal mirrors this amount. The next payment to security holders is due on May 1, 2024.