Pakistan’s financial sector has marked a significant achievement with its first-ever Green Sukuk being oversubscribed by more than 5.4 times, a highlight in a year that saw the country issue Islamic bonds valued at over two trillion rupees.
According to an official report today, the considerable demand for the Green Sukuk reflects strong investor interest in the nation”s burgeoning Islamic finance market.
In total, 61 Sukuk bonds were brought to market during the year, providing a combination of fixed and variable rate returns to participants.
The Sharia-compliant instruments were structured with varying maturity periods, offering terms of one, three, five, and ten years to appeal to a wide range of investors.
This success in the financial and investment sectors has been linked to reform measures implemented by the Special Investment Facilitation Council (SIFC).
These initiatives are credited with having stabilised the country’s economic environment and advancing the investment sector.