| Complete Name |
Government Ijara Sukuk – Fixed Rental Rate |
| Abbreviations |
GIS – FRR |
| Bond Type |
Fixed Rate Coupon Bond |
| Sector (Conventional/Islamic) |
Islamic |
| Rate of Return (Fixed/Floating) |
Fixed till maturity |
| Coupon Payment Frequency |
Semi – Annual |
| Coupon Components |
Not Applicable |
| Coupon Determination |
Determined in fresh auction of GIS-VRR and remain fixed till maturity of sukuk |
| Margin |
Not applicable |
| Current Active Tenors |
05 Years |
| Day Count Conventions |
ACT/365 |
| Minimum Denomination for Investment and Investment Multiples |
PKR 100,000.0 |
| Maximum Investment Limit |
No Limit |
| Taxes |
As per applicable laws |
| Current Auction Frequency |
Monthly |
| Competitive Bid Auction Method |
Uniform Price |
| Eligible Investors for Competitive Bids (CB) |
All investors of IBIs |
| Maximum Number of CBs in each tenor of auction |
Multiple Bids allowed |
| Non Competitive Bids (NCB) Pricing Method |
Uniform Price |
| Eligible Investors for NCBs |
All investors other than Individuals, banks (scheduled, specialized and microfinance)/ DFIs/ Investment Banks. |
| Upper NCB limit |
Linked with pre-auction target i.e. 0.25% of the auction target subject to maximum of Rs. 250 million. |
| Maximum Number of NCBs in each tenor of auction |
One (01) Bid only. In case of multiple bids, all NCBs will stand cancelled. |
| Auction Calendar |
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| Latest Auction Result |
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| Pricing Calculator |
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| Historical Data on Auctions |
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