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Government of Pakistan Ijara Sukuk
Fixed Income Sales

Government of Pakistan Ijara Sukuk

Ijarah sukuks are securities representing the ownership of well-defined existing and well-known assets that are tied up to a lease contract. Ijarah sukuks can be traded in the market at a price determined by market forces

Salient Features
  • Issuer: Government of Pakistan
  • Coupon: 3 Years (Fixed & Floating Instrument)
  • Tenor: semi-annual rental (Linked to weighted average 6 month T-Bill)
  • Denominations: Multiple of 100,000 Pak rupees
  • Withholding Tax: Deducted at source (as per government regulations)
  • Sale of Bills: Through designated Primary Dealers
  • Redemption: Sukuk shall not be redeemable before maturity
  • Tradable: Sukuk are script less & traded freely in the Secondary Market and are transferable.
  • Custodianship Ijara Sukuk’s are script less instruments, client’s holding are held in the Investor Portfolio Services (IPS) Account managed through Subsidiary General Ledger Accounts with banks.