AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: BankIslami has fulfilled its semi-annual profit payment obligations for the Ehad Sukuk II for the period from January 2024 to June 2024, adhering to the guidelines outlined in Para 5B 8.6 (i) of the Pakistan Stock Exchange (PSX) Regulation and Clause 13(6) of the Public Offering Regulations, 2017.
According to information available from the Pakistan Stock Exchange (PSX), the Sukuk’s scheduled profit payments were successfully made on the following dates: February 13, March 11, April 9, May 10, June 11, and July 9, 2024. The respective amounts paid on these dates were Rs 17,741,723 in February, Rs 16,220,789 in March, Rs 21,086,639 in April, Rs 20,437,944 in May, Rs 21,013,373 in June, and Rs 20,312,828 in July.
Furthermore, the report indicates that there has been no redemption of the Sukuk during this six-month period, suggesting that the financial instrument continues to operate as planned without early repayments.
BankIslami remains compliant with the regulatory requirements governing the issuance and management of its Sukuk, maintaining transparency with its investors and regulatory bodies by timely reporting on its financial obligations.