5/5/2023 0 Comments Deep blue sea 3![]() however the final return will be decided based on the demand and auction results. The expected return of the Sukuk could be in the range of 16%-17% p.a. The sukuk can also attract High Net worth local and international Shariah minded investors and also those who are looking to shift from interest based National Saving schemes offered by CDNS. The sukuk is being offered to all banks, mutual funds, pension funds, corporate sector and individual investors looking for Shariah compliant attractive returns. This is first time that Pakistan is offering a 1-year sovereign Ijarah Sukuk in the domestic market with 6 month rental payment and it will be another step towards conversion of Government financing to Islamic modes and to provide the financial sector and investors an alternative avenue to invest in Shariah Compliant Sukuk of shorter tenure. Pakistan's Ministry of Finance has announced the Auction of first ever 1-year tenure sovereign domestic Ijarah Sukuk on Feb 16, 2023. #pakistan #finance #investment #opportunity #sukuk #halal Investors are also advised to take their decision after reading and understanding the Sukuk investment and risk. Note: The purpose of this post is to create awareness about good Shariah Compliant investment options available in PKR in the form of Sukuk. The Shariah Structure and approval of the Sukuk is available on SBP website. You will receive rentals from Govt of Pakistan after every six month and at the end of 12 month you will get another 6 month rental and investment amount back after Sukuk redemption. Upon successful bid, the investment amount will be deducted from your Islamic bank account and Sukuk will be transferred to your IPS account. As an individual investor it is advised to bid on slightly lower side after discussion with relevant bank branch or treasury to get your sukuk bid successful. Ask the Branch to submit your bid (investment amount and expected rental) for the relevant Ijarah Sukuk (fixed rental or variable w rental) ![]() Open an IPS account with an Islamic Bank offering IPS (eg Meezan Bank or Dubai Islamic etc) This is an excellent opportunity for individuals, corporates, businesses for mid term and short term (1 year) investors to get attractive Shariah Compliant returns. (The returns of the 1 year Sukuk by Govt of Pakistan is even better then interest paid on CDNS schemes and Sukuk are Shariah Compliant as well) ![]() Variable Rental Sukuk (6 month reset) at the rate of 17.8% p.a. Fixed Rental Ijarah sukuk at the rental rate of 17.5% p.a. The first auction was conducted on successfully. The Ministry of finance has introduce GoP Ijarah Sukuk for 1 year tenure for with variable and fixed rental regime. Excellent opportunity to Invest in Shariah Compliant Sukuk issued by Govt of Pakistan
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