Govt aims for Rs350-400bn in Ijara Sukuk auction

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MG News | October 26, 2026 at 12:08 PM GMT+05:00

October 26, 2026 (MLN): The State Bank of Pakistan (SBP) has invited Islamic banks and Islamic banking branches to an auction for the outright purchase of GoP Ijara Sukuk by the government on a deferred payment (Bai Muajjal) basis, with a target of Rs350-400bn for a three-year tenor.

The competitive auction will be held on October 27, while the non-competitive auction takes place today, October 26.

According to the tender notice issued by the SBP’s Domestic Markets & Monetary Management Department, the sukuk will be delivered on October 28 and will mature on October 28, 2029. The GIS issue carries the code PK05S2910268.

Tenders will be received up to 1200 hours on the auction date, and the timing of their opening will be communicated through email. Results will be communicated on the auction date itself.

The notice said the auction falls under the provisions of SBP-DMMD Circular No. 18 dated October 22, 2015.

It added that working arrangements and bid submission details for the auction date will be shared with all Islamic banking institutions through a separate email, and that bids can be rejected without assigning any reason.

 

Detail

Schedule

Non-competitive auction

October 26, 2026

Competitive auction

October 27, 2026

Sukuk delivery

October 28, 2026

GIS issue

PK05S2910268

Bai Muajjal tenor

3 years

Maturity date

October 28, 2029

Target range

Rs350-400bn

Receipt of tenders

Up to 1200 hours on auction date

Result

On auction date

 

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