Burj Clean Energy Modaraba (BCEM), the first listed Islamic green energy Fund on the Pakistan Stock Exchange (PSX: GEMBCEM), announced the successful closure of its second Short-Term Sukuk (as of 23rd April, 2026).
Demonstrating market confidence, the issuance was significantly upsized to Rs. 1 billion following demand from institutional investors.
BCEM is serving as an incubator platform within the capital markets, effectively bridging the gap to channel institutional investments into Pakistan’s green and sustainable energy sector.
This capital Issue serves as a high-velocity catalyst for BCEM’s expansive project pipeline, accelerating the deployment of utility-scale wind, solar, and Battery Energy Storage Systems (BESS) tailored for the corporate and industrial (C&I) sectors, as well as specialized retail solutions.
Beyond power generation, the Issue empowers BCEM to deepen its footprint in the burgeoning electric vehicle (EV) ecosystem by financing EV’s as well as the critical charging infrastructure necessary for national e-mobility adoption.
“This oversubscribed issuance is a definitive endorsement of BCEM’s scalability and the resilience of our investment model, as Pakistan’s landscape shifts decisively toward a decentralized green economy, BCEM stands at the vanguard. We are bridging the gap between institutional capital and technical execution, ensuring the private sector achieves energy security through sustainable, cost-efficient means.” stated Mr. Nabeel Malik, CEO of BCEM