#pakistan #finance #investment #opportunity #sukuk #halal Investors are also advised to take their decision after reading and understanding the Sukuk investment and risk. Pakistan's Ministry of Finance has announced the Auction of first ever 1-year tenure sovereign domestic Ijarah Sukuk on Feb 16, 2023. This is first time that Pakistan is offering a 1-year sovereign Ijarah Sukuk in the domestic market with 6 month rental payment and it will be another step towards conversion of Government financing to Islamic modes and to provide the financial sector and investors an alternative avenue to invest in Shariah Compliant Sukuk of shorter tenure. The sukuk is being offered to all banks, mutual funds, pension funds, corporate sector and individual investors looking for Shariah compliant attractive returns. The sukuk can also attract High Net worth local and international Shariah minded investors and also those who are looking to shift from interest based National Saving schemes offered by CDNS. The expected return of the Sukuk could be in the range of 16%-17% p.a. However the final return will be decided based on the demand and auction results.
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