Islamic Naya Pakistan Certificates

Overview

Overview

Islamic Naya Pakistan Certificates (INPCs) are issued by Government of Pakistan, for Foreign Currency Value Account holder (FCVA) and Pakistani Rupee Value account holder (NRVA), to invest in Shariah compliant profit yielding certificates. These certificates also provide opportunity to investors to contribute towards development of Pakistan.

Investors shall have the option to subscribe to either PKR denominated or US Dollar denominated certificates of 3-Month, 6-Month, 12-Month, 3-Year and 5-Year tenors.

Shariah Structure

Shariah structure of INPCs is provided here

Important Information:

The funds for investment in Certificates must be remitted from abroad in the investor’s FCVA or NRVA after 30th day of June 2020.
The Certificate shall not be automatically reinvested or rolled over after the maturity date.
The Certificates shall be pledge-able as security for raising financing in Pakistan subject to such conditions as may be prescribed by SBP.
The Certificates shall not be transferable except if required under the relevant laws.
The applicable profit on the Certificates shall be subject to deduction of tax in accordance with the law.
The Certificates shall be exempt from compulsory deduction of zakat.

Features:

The Certificates can only be subscribed by eligible individuals (as defined in Rule 3 of NPC Rules, 2020) through Foreign Currency Value Account (FCVA) or Non-Resident Pakistani Rupee Value Account (NRVA), being marketed as Roshan Digital Accounts (RDAs) at HBL.
The investors shall have the option to subscribe either PKR denominated or US Dollar denominated certificates of 3-Month, 6-Month, 12-Month, 3-Year and 5-Year tenors.
Amount of Investment in each tenor certificate shall be as under:

US Dollar Denominated Certificates Minimum investment of USD 5,000 with integral multiples of USD 1,000.
PKR Denominated Certificates Minimum investment of PKR 100,000 with Integral multiples of PKR 10,000.

For 3-Month, 6-Month and 12-Month tenor certificates, principal and profit shall be paid on maturity or on premature encashment. For 3-Year and 5-year certificates periodic profit payment shall be paid on half-yearly basis.

Procedure for periodic profit payments:

The periodic profit payments shall be made on six (6) monthly basis only in respect of INPC of 3-year and 5-year maturities in their respective currencies.
The six (6) months for the periodic profit payment shall be determined from the date of issuance of the certificates. For example: if certificates are issued on 10th September 2020, the profit payments shall be made on 10th March 2021 and on subsequent six-monthly dates accordingly.
In case of a holiday on the periodic profit or principal payment date, the next working day falling after the holiday will be considered the periodic profit date/principal payment date.

Redemption/Early termination:

Investors can have redemption/premature encashment of their certificates after one month.
Incase of premature encashment after one month and before three months, the investor’s share shall be redeemed at a discounted price by applying a discount on announced profit rates for that category of investor
After three months, the investor shall be given profit of the nearest shortest tenor.

Disclaimer

The above instructions are subject to change from time to time.

important documents

ISLAMIC NAYA PAKISTAN CERTIFICATE RATE - ACTUAL MAY 2022

Size: 263KB

ISLAMIC NAYA PAKISTAN CERTIFICATE WEIGHTAGES JUNE 2022

Size: 284KB

Islamic Naya Pakistan Certificate - Expected PSR Weightages - April 2022

Size: 822KB

ISLAMIC NAYA PAKISTAN CERTIFICATE WEIGHTAGES FEB2022

Size: 567KB

ISLAMIC NAYA PAKISTAN CERTIFICATE RATE - ACTUAL NOV 2021

Size: 330KB

ISLAMIC NAYA PAKISTAN CERTIFICATE WEIGHTAGES NOV 2021

Size: 311KB

Letter-Actual Rates Sept 21

Size: 306KB

PSR Weightages Oct 21

Size: 294KB

INPCCL Actual Profit - Jul 2021

Size: 33KB

PSR Weightages - August 2021

Size: 73KB

ISLAMIC-NAYA-PAKISTAN-CERTIFICATE-RATE-ACTUAL-JUNE-2021

Size: 287KB

ISLAMIC-NAYA-PAKISTAN-CERTIFICATE-WEIGHTAGES-JULY-2021

Size: 70KB

INPCCL - PSR and Weightage Announcement for June 2021

Size: 73KB

INPCCL - PSR and Weightage Announcement for May 2021

Size: 85KB

Islamic Naya Pakistan Certificate Actual Profit Rates for Mar-2021

Size: 33KB

INPCCL - PSR and Weightage Announcement for April 2021

Size: 78KB

Islamic Naya Pakistan Certificate PSR Weightages for March 2021

Size: 82KB

Islamic Naya Pakistan Certificate Actual Profit Rate for Feb-2021

Size: 32KB

Islamic Naya Pakistan Certificate PSR Weightages for Jan 2021

Size: 266KB

Islamic Naya Pakistan Certificate Actual Profit Rate Jan 2021

Size: 23KB

Islamic Naya Pakistan Certificate PSR Weightages for Feb 2021

Size: 41KB

PSR and Weightage Announcement - Dec 2020

Size: 59KB

INPC (USD) - Mudarabah Agreement

Size: 433KB

INPC Disinvestment Request Form

Size: 88KB

INPC Investment Request Form

Size: 88KB

INPC PSR Weightages and Expected Rates October 2020

Size: 308KB

INPC (PKR) - Mudarabah Agreement

Size: 434KB

INPCCL Actual Profit - Oct 2020

Size: 363KB

IPS- Individual - Form

Size: 708KB

Islamic Naya Pakistan Ceritificate - FAQs

Size: 640KB

PSR and Weightages - Nov 2020

Size: 477KB

Schedule of Early Redemption Price - INPC (PKR)

Size: 190KB

Schedule of Early Redemption Price - INPC (USD)

Size: 190KB

Shariah Structure - INPCs GOP

Size: 1.2MB

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