Sukuk Issuances Introduce New Dimension to Pakistan’s Capital Markets: CEO, Meezan Bank

August 10, 2020

In an interview with local media, Chief Executive Officer of Meezan Bank, Irfan Siddiqui, discussed the positive impacts of Sukuk issuances within Pakistan’s financial markets framework. According to Siddiqui, unlike conventional bonds, Sukuk could help to diversify investment portfolios, whilst simultaneously serving as an effective instrument to reduce risk.

According to Siddiqui, Pakistan’s Islamic finance market has gained acceptance over the past two years, particularly following the issuances of the Pakistan Energy Sukuk (PES) and the Government of Pakistan, Ijarah Sukuk. In particular, the two tranches of the PES that were issued in 2019 and 2020, respectively, received a strong response.