Dhaka, Bangladesh (BBN)- Bangladesh government is set raise BDT 25 billion by issuing its seventh Sukuk bond in early December 2025 to finance a major rural infrastructure project in Bangladesh’s southern districts.
The decision came at the first meeting of the Bangladesh Bank’s Shariah Advisory Committee, held at the central bank headquarters on Monday, with Deputy Governor Dr. Md. Kabir Ahmed in the chair.
The Sukuk will be issued under the Ijarah financing mode with a seven-year tenure, a committee member said, adding that proceeds from the bond will fund the Important Rural Infrastructure Development Project of Noakhali, Feni, and Lakshmipur Districts (IRIDPNFL).
“Both individuals and institutions will be eligible to invest in the Shariah-compliant bond,” the member noted.
The project aims to improve roads, markets, haats, slope protection, and tourism facilities across 20 upazilas in the three districts, supporting job creation and rural economic growth. It will be titled the IRIDPNFL Socio-Economic Development Sukuk.
Officials said the government has already mobilised around BDT 240 billion through six Sukuk issuances to implement similar projects nationwide.
A senior executive of a leading Islamic bank suggested that the profit rate for the new Sukuk should be aligned with Bangladesh Government Treasury Bonds (BGTBs), noting that the previous Sukuk offered 10.50 per cent for the same tenure.
BBN/SSR/AD