The Sukuk offers a profit rate of 3 months KIBOR plus 0.20% per year, it is currently 11.25%. KIBOR is reset quarterly.

No, your investment isn’t locked in for 12 months. The Sukuk will be listed on the Pakistan Stock Exchange (PSX), and you can sell your investment in the market at any time after it’s listed.

The tax rate table is provided below:

Any capital gain derived from the sale of the Sukuk Certificates shall be subject to capital gain tax as per section 37A of the Income Tax Ordinance, 2001.

If you are an IPO investor, you can opt for monthly profit payment either in the form of bank transfer or as adjustment in your electricity bill (do check the eligibility criteria). The profit mode you select in the subscription form will remain intact for the entire term of your investment. However, If you are a secondary market investor, you will only have the bank transfer option available for monthly profit payment.

Monthly profit will be adjusted against the monthly KE bills.

During the IPO subscription period, the investors shall be able to choose their preferred profit payment method via their respective choice of subscription i.e. the Application Form, CDC’s e-IPO system, or the PSX e-IPO system.

Eligibility and Conditions for Profit Payment Mode 2

However, only those investors whose K-Electric bills fall in the below two consumer and tariff categories will be eligible for adjustment in their bills:

If the investors choose for profit adjustment in their bills, it is not necessary for the K-Electric bill to be issued in the name of the investor subscribing to the Sukuk Certificates. Issuer shall only refer to the KE Consumer No. provided by the applicant and shall not be liable to verify the same. Applicable taxes shall also be deducted including withholding taxes on the tax status of the Sukuk’s investor and not the person or entity under whose CNIC or name the KE Consumer bill is under.

Yes, this is not compulsory. Investor can choose either option at the time of IPO subscription

No, profit shall be distributed monthly. Profit will not be reinvested into the Sukuk.

The SECP has certified that this is a Shariah Compliance Instrument and has issued a Certificate for this Sukuk confirming the same. Moreover, three separate Shariah boards have issued Shariah Pronouncements confirming the sanctity of the Shariah Structuring of the Sukuk. The Shariah Boards include HBL Islamic Banking Shariah Board, ASAS Shariah Advisory Company Pvt. Limited and Mufti Ali Asghar. Their detailed credentials can be found in the prospectus document.

The consumer will be getting a net off bill amount after adjustment of the Sukuk profit. The consumer shall pay this bill amount.

The consumer will be getting a net off bill amount after adjustment of the Sukuk profit. The consumer shall pay this bill amount.

If your monthly bill is lower than your profit adjustment, the extra profit will be credited against your KE consumer number in the next month’s bill.

However, to receive the excess as a cash payment, simply send an email within 4 days of profit notification to retail.sukuk@ke.com.pk with the subject “Request to Release Retail Sukuk Credit Profit Balance.” Include your bank account IBAN (as per our records) and a scan of your CNIC. Once your request is reviewed and approved, the funds will be transferred within 15 days.