Following the Money and Credit Council latest meeting, deposit rates will remain unchanged at 15%. Meanwhile, Islamic t-bills weighted average YTM’s has dropped to a year-long low.

According to the representative of Debt Management Department of Ministry of Economic Affairs and Finance, Sakhab (new Islamic treasury bills) secondary trades will begin soon after the acceptance of these papers in Farabourse; Therefore, the issue of high discount rates due to lack of a liquid market will be solved.

According to the vice president of Farabourse, there will be no new issuance of debt securities before listing Sakhab papers and previously issued Musharakah bonds this year.

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