Karachi, Bank Islami Pakistan Limited has announced the next coupon payment for its Tier-I Sukuk, symbol BIPLSC2, on June 1, 2024. According to information available from the Pakistan Stock Exchange (PSX), the Sukuk has a face value of 5,000 rupees per lot and a profit rate of 1M KIBOR + 2.5%. The total issue size is 1 billion rupees, with the entire principal amount of 1 billion rupees outstanding.