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Karachi, Bank Islami Pakistan Limited unveiled Sukuk (Tier-I) with the symbol BIPLSC, having a face value of Rs. 5,000 and a perpetual tenor. This Sukuk offers a profit rate of 3M KIBOR+2.75%. The total issue size is Rs. 2,000,000,000, and it currently has an outstanding principal of the same amount. Investors can expect the next coupon date on 1st November 2023.
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