AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: BankIslami Pakistan Limited has fulfilled its obligations concerning the semi-annual profit payments of its Ehad Sukuk I for the period from January 2024 to June 2024, adhering strictly to the regulatory frameworks.
The payments, which are dictated by Para 5B 8.6 (i) of the Pakistan Stock Exchange (PSX) Regulation and clause 13(6) of the Public Offering Regulations, 2017, were disbursed on specified dates across the six-month period. According to information available from the Pakistan Stock Exchange (PSX), the first payment was made on February 13, 2024, amounting to Rs. 41,015,721. Subsequent payments followed on March 11 with Rs. 38,276,059, April 9 with Rs. 41,015,260, May 10 with Rs. 40,643,778, June 11 with Rs. 42,062,522, and the final installment on July 9 with Rs. 40,640,471.
Throughout this period, BankIslami Pakistan Limited reported no instances of redemption for the sukuk. The bank’s compliance with these payment schedules reflects its commitment to the terms set forth at the issuance of these Islamic bonds, designed to provide profit to investors on a fixed schedule.