Karachi, Bank Islami Pakistan Limited has rolled out its Sukuk (Tier-I) securities, with the symbol BIPLSC, into the market. These perpetual securities come with a profit rate of 3-month KIBOR plus 2.75%, aiming to attract investors seeking high yields. The total issue size and the outstanding principal are valued at Rs. 2,000,000,000. The next coupon date for these securities is set for March 1, 2024. Each unit of the Sukuk has a market lot of 1 and a face value of Rs. 5,000, marking a significant step for Bank Islami in diversifying its funding sources and offering a competitive investment vehicle in the financial market.