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Karachi: Bank Islami Pakistan Limited has entered the debt market with a Perpetual Sukuk, featuring a market lot of 1 and a face value of Rs. 5,000. The Sukuk carries a profit rate pegged at the 3-month Karachi Interbank Offered Rate (KIBOR) plus 2.75%. With a total issue size of Rs. 2 billion, the outstanding principal is also noted as Rs. 2 billion. The next payment of the coupon is scheduled for 01 December 2023.
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