The State Bank of Pakistan (SBP) Tuesday accepted bids worth Rs 47.539 billion for 3-year government of Pakistan Ijara Sukuk against the bids offered worth Rs 56.839 billion.
The SBP further announced that the cut-margin will be applicable to all accepted bids and the benchmark is 6-month Market Treasury Bill (MTB) auction weighted average yield.
http://www.dailytimes.com.pk/default.asp?page=2011\03\02\story_2-3-2011_pg5_5
Total investments in the Islamic Banking Institutions (IBIs) swelled to Rs 64.7 billion during the third quarter (July-Sept) of current calendar year 2009 as against Rs 53.5 billion in April-June this year.