KAPCO (Kot Addu Power Company Ltd)

Meezan arranges short-term Sukuk deal

Meezan Bank from Pakistan has accomplished the country's first short-term Sukuk deal.
The PKR1.5bn ($17.3m) Sukuk was launched by KAPCO (Kot Addu Power Company Ltd), Pakistan's largest power company. It means a six month Musharakah and a Shari'ah compliant alternative to conventional short-term paper.

Syndicate content