The
Government of Pakistan is all set to issue Soverign Ijarah Sukuk up to PKR45
billion (around US$ 458 million) during the first week of May. It will be the
country’s first Sukuk issue during calendar year 2014. The three-year Sukuk offers an
opportunity to those who are keen in investing Shariah compliant
instruments. Backed
by the M3 motorway, the issue is aimed at meeting the country’s growing
financial needs as well as providing investment opportunities to the Islamic banking
industry. To read the details visit
shkazmipk.com
its million not billion $
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