Karachi, Bank Islami Pakistan Limited has again come into focus with details on another of its perpetual Sukuk, under the symbol BIPLSC2. This issuance is pegged with a face value of 5,000 Rs and an enhanced profit rate of 1M KIBOR + 2.5%. The total issue size amounts to 1 billion Rs, with an equivalent outstanding principal. The next coupon payment is due on May 1, 2024.