KARACHI: The central bank on Friday will acquire Rs111 billion Ijara Sukukwith a three-year maturity in a sell-off on Friday.
This acquisition of the government of Pakistan Ijara Sukuk would be done onBai Muajjal basis, which is a Shariah-compliant equivalent of deferredpayments from all Islamic Banks.
The acquisition of the issue by the central bank would assist Islamic Banksin coping with surplus liquidity and resources.
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Rs314.3 billion worth of Ijara Sukuk would mature in December, February andMarch and Rs118 billion Ijara Sukuk were set for maturity on December 18th.
