Bank Islami Pakistan Limited to Pay Coupon on Tier-I Sukuk in June

Karachi, Bank Islami Pakistan Limited has scheduled the next coupon payment for its Tier-I Sukuk, symbol BIPLSC, 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 3M KIBOR + 2.75%. The total issue size is 2 billion rupees, with the full principal amount of 2 billion rupees outstanding.