KARACHI (Reuters) - Pakistan raised 51.84 billion rupees ($608 million) by selling Islamic bonds in the domestic market, the State Bank said on Monday. The cut-off margin will be the benchmark six-month treasury bill weighted average yield. In the last treasury bill auction on Nov 3, the weighted average yield for six-months was 13.1099 percent. The issue, known as the Government of Pakistan Ijara Sukuk, is a three-year bond. The central bank said last month it planned to raise 80 billion rupees by selling Islamic bonds, with the first auction on Nov 8, with settlement on Nov 15 and a target of 40 billion rupees. The second auction will be held on Dec 13 to raise the another 40 billion rupees with settlement on Dec 20.