Sukuk

Tokenisation of Sukuk allows investors to purchase, trade smaller portions of bond

Reaches 93% of total deposits as banks continue to lend freely to govt

Rally as political deadlock ends; govt cuts profits on local saving products

Govt hopes to raise Rs150 billion at low rate of return at auction on Feb 20

Falls short of target as investors demand higher rate of profit on possible policy hike

Aims to raise new domestic debt as investors show strong interest in second Sukuk auction

Investors offer Rs479b at PSX auction; PM calls it remarkable achievement

A cost-effective financing tool amid restrictions on conventional options

Govt to issue euro, sukuk bonds to retain forex reserves at current level ahead of loan repayments

Move comes after delay in payments constrained company’s cash flow

Investors oversubscribe Islamic bond by 50% on first day of bidding

Move aimed at raising funds for supporting government’s budgetary position

Dr Abdul Hafeez Shaikh says guarantees will primarily be used to tackle circular debt

Ministry invites proposals from financial institutions for programme

It will be second such issue, help pay partial dues of power producers

DIB was established in 1975 as the world’s first Islamic Bank in UAE

Competent boards can turn around these bleeding state-owned units

Will also hold IPO ‘soon’, according to company statement

According to Dealogic data, issuance of Islamic debt by non-Muslim countries is set to climb a three-year high in 2017

Analysts believe move could ease pressure on the kingdom's foreign reserves

Regulator aims to incentivise investors

Says investors shrugged off tensions with India while subscribing to bond at lowest ever interest rate

Believes country’s government will stand behind its obligations