Could 22, 2025 (MLN): The federal government is ready to lift Rs70.886 billion by the outright buy of Authorities of Pakistan Ijara Sukuk (GIS VRR-19) on a deferred cost foundation, also called Bai Muajjal.

The association is being facilitated by the State Financial institution of Pakistan (SBP) by its Home Markets & Financial Administration Division, in accordance with the provisions specified by SBP-DMMD Round No. 18 dated October 22, 2015.

The method will invite participation solely from all Islamic Banks and Islamic Banking Branches (IBIs).

The bids have to be submitted by 12:00 PM on Could 27, 2025, whereas the opening of bids and dealing preparations shall be communicated to contributors individually through e-mail.

Outcomes of the method may also be introduced on the identical day, Could 27, 2025.

The Ijara Sukuk to be bought are a part of the GIS VRR-19 collection and shall be delivered on Could 27, 2025.

Deferred cost maturity dates of Bai Muajjal are as follows: the primary possibility has a tenor of 336 days, with a maturity date of April 28, 2026, whereas the second affords an extended tenor of 1067 days, maturing on April 28, 2028.

Each tranches are structured to offer flexibility and Shariah-compliant funding alternatives to Islamic banking establishments.

As per the SBP, all submitted bids could also be accepted or rejected at its discretion with none obligation to offer causes.

This initiative types a part of the federal government’s ongoing efforts to utilise Islamic monetary devices in managing its fiscal wants whereas selling the event of the Islamic finance sector within the nation.

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Posted on: 2025-05-22T17:46:56+05:00

The publish Govt eyes Rs70.89bn through Bai Muajjal Sukuk appeared first on Mettis International Hyperlink.

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