PMRC issues Sukuk worth Rs3.1bn for housing finance

KARACHI: In a bid to strengthen the housing finance, Pakistan Mortgage Refinance Company (PMRC) has issued Sukuk bonds worth Rs3.1 for housing finance.

According to the details, the Sukuk bonds have been issued at the rate of 8.25pc.

Speaking at the occasion, the Managing Director PMRC apprised that the issuance of Sukuk is a groundbreaking step in housing finance and is in accordance with sharia.

The issuance of Sukuk will increase the scope of housing finance in the country and will be an added option for housing finance.

 

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