Sukuk may enter Musharaka Pool

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KARACHI: The State Bank of Pakistan (SBP) announced on Wednesday that the un-encumbered government of Pakistan Ijara Sukuk (Islamic bonds) created under Islamic export refinance scheme (IERS) may be included in the Musharaka Pool from now onwards.

 

According to the circular, the maximum limit for Islamic bank institutions’ investment sukuk eligible for IERS will be 50 percent of their total share of financing in the Musharaka Pool. Sukuk included in Musharaka Pool will not be counted for meeting bank’s statutory liquidity requirements (SLR), the circular said.



Courtesy:  The News


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