Sukuks

PKR denominated Sukuks
Fixed profit rate
Tenure: Over one year
Profit distributions are normally made on half-yearly basis
Redemption is at nominal value along with the profit due upon maturity.

PMRC Key Benefits of Sukuk

AAA Rated Entity (long term) – minimal risk of default
Collateral is based on Top Tier Financial Institutions Receivables Portfolio –minimal credit risk
Fixed rate (up to 3, 5 and 10 years)
Stable source of income/return for entire tenor – profit is locked at the beginning

PMRC Islamic Business issues Shariah Compliant Sukuk, in order to provide long term funding to its Islamic Partner Financial Institutions (IPFIs). It enables its IPFIs to pass on the benefits of fixed and attractive rates to their investors. PMRC Islamic Business intends to leverage its balance sheet by issuing series of Sukuk.

The issuance of these securities shall support the growth of the refinance business and play a positive role in the development of the capital market. In order to be an acceptable and sustainable capital market issuer, PMRC intends to capitalize on its key strengths which include a strong business model, stable shareholders and a remarkable balance sheet.