refer FSCD’s circular 13 dated September 06, 2008
on the captioned subject.
holding limit of GOP Ijara Sukuk as stipulated in clause
8 of the above referenced circular has been amended as
under with immediate effect:
order to ensure that there is no over concentration, maximum
holding limit of GOP Ijara Sukuk for commercial banks
will be as under:
For Islamic Banks holding limit will be 35% of the issue
ii. For Conventional Banks, with Islamic Banking Branches,
holding limit will be 35% of the issue amount. The holding
restriction will be applied on a combined / amalgamated
basis for commercial banks with Islamic Banking Branches.
iii. For Conventional Banks, with no Islamic Banking Branches,
holding limit will be 25% of issue amount.
iv. Adherence to the above holding limit by issue has
to be complied as of close of any business day.”
above amended holding limit will be applicable to all
issues of GOP Ijara Sukuk.
other instructions on the subject will remain unchanged.