Staff Reporter :
Bangladesh Bank is set to issue its seventh investment sukuk worth Tk2,500 crore in December to finance the Important Rural Infrastructure Development Project in Noakhali, Feni, and Lakshmipur Districts (IRIDPNFL).
The central bank said in a press release that the first meeting of its Shariah Advisory Committee-under the leadership of the deputy governor and the Debt Management Department-was held on Monday at the BB headquarters.
Presided over by Deputy Governor Md Kabir Ahmed, the committee unanimously approved the issuance of the 7-year Sukuk under the Ijarah (lease-based) method.
Proceeds from the sukuk will fund road construction and expansion, slope protection, and the development of markets, haats, and tourism facilities across 20 upazilas.
The project is designed to stimulate local economies, generate employment, enhance rural living standards, and cut transportation costs and travel time. Consequently, the sukuk has been named the IRIDPNFL Socio-Economic Development Sukuk.
This will be Bangladesh Bank’s seventh government sukuk, following six previous issuances totaling Tk24,000 crore through Special Purpose Vehicles (SPVs).
