Karachi: BankIslami Pakistan Limited has announced the book closure for the payment of monthly profit on its Ehad Sukuk I (BIPLSC), as per a recent publication in newspapers "The Nation" and "Daily Nawa-i-Waqt," both dated January 17, 2025. This announcement is particularly relevant for the TRE Certificate Holders of the Pakistan Stock Exchange, as it outlines the essential dates for entitlements.

According to the notice, the entitlement for the profit payment of BankIslami Ehad Sukuk I will be determined as of January 31, 2025. Consequently, the books will remain closed from January 30, 2025, to January 31, 2025, inclusive of both days. This means that any transfer requests received at CDC Share Registrar Services Limited in Karachi by the close of business on January 29, 2025, will be considered timely for the purpose of entitlement to the transferees.

The publication of this notice in prominent English and Urdu newspapers ensures that all relevant stakeholders, including those who hold the TRE Certificates, are duly informed. The designated market category for this specific transaction is crucial for ensuring that all parties can plan their financial activities accordingly.

According to information available from the Pakistan Stock Exchange (PSX), these procedural announcements are standard practice to maintain transparency and provide clarity to investors involved in the financial instruments of BankIslami Pakistan Limited. The careful scheduling of book closures aligns with the bank's commitment to timely and accurate profit disbursements to its investors.