Karachi: Pakistan Stock Exchange Limited announced the listing of Faysal Bank Limited's Rated, Unsecured, Subordinated, Privately Placed Sukuk certificates worth PKR 7,000 million. The listing is effective from Monday, September 14, 2026, as per Chapter 5C of the PSX Rule Book under "Privately Placed Debt Securities' Listing Regulations." Trading in these Sukuks is set to begin on Tuesday, September 15, 2026.

According to information available from the Pakistan Stock Exchange (PSX), these Sukuks have a tenor of up to 10 years from the issue date of May 25, 2026, with a floating coupon rate pegged at 6-month KIBOR plus 45 basis points. The instruments are designed to enhance the bank's regulatory capital per Basel III guidelines, specifically targeting the Capital Adequacy Ratio requirements.

Pak Oman Investment Company Limited serves as the Investment Agent for the Sukuks, which will be traded by Qualified Institutional Buyers as defined in the PSX Rule Book. Each certificate has a face value of PKR 1,000,000, and trading will be settled through the National Clearing Settlement System on a T+1 basis.

The National Clearing Company of Pakistan Limited has assigned the security symbol "FABLSC" to these Sukuks. CDC Share Registrar Services Limited is the designated Registrar/Transfer Agent.

The issuance is structured on a Mudarabah model, where Sukuk holders act as Rab-ul-Maal while Faysal Bank assumes the role of Mudarib. The Sukuk holders' claims are subordinated to other bank indebtedness, including deposits, in case of non-viability as determined by the State Bank of Pakistan (SBP). The instruments are unsecured and subject to a lock-in clause, which restricts profit or principal payment if it affects the bank's capital requirements.

This issuance represents a significant move for Faysal Bank Limited in strengthening its capital base, using innovative financial instruments under the regulatory framework.