Tag Archives: Meezan to raise up to Rs10bn via sukuk

KARACHI: Meezan Bank is going to raise up to Rs10 billion via sukuk or Islamic bonds, a regulatory filing said on Friday. The country’s largest Islamic bank will count the proceeds of the sukuk towards its tier-II capital, which is the secondary layer of capital that every bank keeps as part of its required reserves. Unlike tier-I capital that’s contributed …

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