Karachi: Notice has been issued regarding the closure of transfer books for Bankislami Ehad Sukuk II (BIPLSC2) to establish entitlement to the profit payment as of September 30, 2024. The closure period is set from September 28, 2024, to September 30, 2024, inclusive of both days.
According to information available from the Pakistan Stock Exchange (PSX), the closure will affect transfers of BIPLSC2 securities. Shareholders intending to qualify for the profit payment must ensure their transfer requests are received by F.D. Registrar Services (Pvt.) Ltd, Karachi by the close of business on September 27, 2024. Transfers processed before this cutoff will be eligible for the upcoming profit payment. This arrangement is part of the routine financial operations to manage entitlements accurately and efficiently.
The closure of the transfer books is a standard practice in the financial sector to finalize the list of shareholders eligible for profit payments on designated dates. This measure ensures that all transactions are accounted for and that the rightful shareholders receive their due profits without discrepancy.