QistBazaar raises Rs500m through Sukuk to expand financing
Pakistani installment-financing platform QistBazaar has raised Rs500 million through a privately placed Sukuk. The company announced the development on Tuesday. The Sukuk marks the first tranche in a planned series of issuances. The company described it as Pakistan’s first unrated, privately placed Sukuk of its kind. The transaction also expands QistBazaar’s access to institutional funding. […]
We haven't written up this one. Daily Times has the full story — the link below goes straight to it.
