Karachi: BankIslami Pakistan Limited has officially announced the book closure dates for its Ehad Sukuk I (BIPLSC) in preparation for the profit payment entitlement slated for January 31, 2025. This decision is crucial for ensuring that all eligible investors receive their due profits from this financial instrument.
The transfer books for BankIslami Ehad Sukuk I will remain closed from January 30, 2025, to January 31, 2025, inclusive of both days. The closure aims to accurately determine the profit entitlement for investors holding the sukuk on the specified date. Consequently, any transfer requests submitted to CDC Share Registrar Services Limited in Karachi by the close of business on January 29, 2025, will be considered timely and will ensure eligibility for the profit distribution among transferees.
According to information available from the Pakistan Stock Exchange (PSX), this announcement is part of the routine measures taken by BankIslami to manage its financial obligations and ensure transparency in its operations. The Ehad Sukuk I is an integral part of the company's offerings in the designated market category, contributing significantly to its financial stability and investor confidence.
The financial community and investors are encouraged to take note of these dates to ensure they meet all requirements and deadlines for their profit entitlements. This move by BankIslami underscores its commitment to maintaining organized and efficient financial operations for its stakeholders.