Pakistan raises $390m through inaugural hybrid Sukuk issuance
Pakistan has raised $390 million through its first hybrid Sukuk issuance, the finance ministry said on Thursday, marking a new addition to the country’s Shariah-compliant debt instruments.
The Sukuk, issued through an auction process in collaboration with the State Bank of Pakistan, Pakistan Stock Exchange and Securities and Exchange Commission of Pakistan, combines two Islamic financing structures — Ijarah Sale and Lease Back (SLB) and Commodity Murabaha.
The hybrid Sukuk allocates 55% of proceeds to Ijarah SLB and 45% to Commodity Murabaha, providing a mix of asset-backed leasing and cost-plus financing structures.
Free, in under 30 seconds
Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.
Already a member? Sign in
- 5 free articles every month
- Weekly Islamic-economy newsletter
- Save articles to read later
Muhammad Ali Bandial