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Banks allowed to invest in TFCs Business April 2, 2021 KARACHI: The State Bank of Pakistan has allowed banks and development finance institutions (DFIs) for investment in term finance certificates (TFCs), Sukuk, and share of real estate investment trusts (REITs) to achieve the mandatory housing finance targets, a circular issued on Thursday said. In July 2020, the central bank advised banks and DFIs to achieve mandatory financing targets for housing and construction of buildings (Residential and Non-Residential) equivalent to at least 5 percent of their domestic private sector advances by December 31, 2021. To increase funding for housing and construction through capital markets and microfinance banks (MFBs), the State Bank has decided to allow counting of the following exposures of banks/DFIs towards the achievement of their housing and construction finance mandatory targets, including direct financing to/or investments in bonds/TFCs/Sukuk issued by REITs management companies

Tfcs sukukPakistan mortgage refinance companyState bankReal estate investment trustsபாக்கிஸ்தான் அடமானம் மறுநிதியளிப்பு நிறுவனம்நிலை வங்கிரியல் எஸ்டேட் முதலீடு அறக்கட்டளைகள்