Tue, 21-Oct-2025

Pakistan government decision to auction in Islamic bonds

Islamic Bonds

KARACHI: The Government of Pakistan has announced plans to auction Islamic bonds through the Pakistan Stock Exchange, raising a substantial Rs 400 billion. The auctions are scheduled for January 24, February 21, and March 20. The offering includes Rs 100 billion worth of one-year Islamic bonds, along with fixed-rate bonds totaling Rs 150 billion for … Read more

Saudi Arabia raises $2.27 billion in Islamic bonds

Saudi arabia

The finance ministry of Saudi Arabia has said that the Kingdom raised 8.495 billion riyals ($2.27 billion) in sukuk, or Islamic bonds, in June. The first tranche of the sukuk issue is 2.494 billion riyals, and the total tranche size is 5.017 billion riyals, maturing in 2027, a ministry statement said. The second tranche has … Read more