BankIslami Pakistan Limited has lead managed a 7 year privately placed shariah compliant sukuk of “Pak Elektron Limited (PEL)” based on diminishing Musharakah.
With an instrument rating of “A+” assigned by PACRA the issue has been well received in the market and has been over subscribed. Funds from the Sukuk will be utilized towards adjustment of existing credit lines available from conventional banks with Islamic modes of financing.
