In order to ensure that there is no over concentration, maximum holding limit of GOP Ijara Sukuk for commercial banks will be as under:
i. For Islamic Banks, holding limit will be 35% of the cumulative target or issued amount, whichever is higher.
ii. For Conventional Banks with Islamic Banking Branches, holding limit will be 35% of the cumulative target or issued amount, whichever is higher. 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 the cumulative target or issued amount, whichever is higher.
iv. Adherence to the above holding limit by issue has to be complied as of close of any business day.”
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