Karachi, BankIslami has successfully completed the Initial Public Offering (IPO) and listing of its Ehad Sukuk II on the Pakistan Stock Exchange (PSX), marking a significant milestone for the bank in adhering to Islamic financial principles. The Sukuk, which is structured on the Mudaraba framework, raised PKR 1 billion and qualifies as Additional Tier 1 Capital, reflecting the bank's commitment to compliance with Islamic banking norms.

According to Bank Islami Pakistan Limited, the offering attracted substantial investor interest, with the IPO portion receiving bids that exceeded the available shares by 1.56 times, mainly through electronic IPO (elPO) channels. This enthusiasm underscores the growing appeal of Islamic financial instruments among investors. The Sukuk, listed under the symbol BIPLSC2, is backed by a Market Maker to ensure its liquidity. Furthermore, it promises a competitive monthly profit rate pegged to the 1 Month KIBOR, while its 'A' rating from PACRA alongside the bank's strong credit ratings indicates robust market confidence in BankIslami's financial health.