BB to Issue Shariah-Based Investment Instrument by Dec 30
Desk Report
Published: 23 Dec 2020, 11:23 am
The Bank of Bangladesh will issue the Shariah-based Safe Investment Instrument (Sukuk) by 30 December, the month of Victory.
It entered into an agreement with the Ministry of Finance for the purpose on Tuesday.
Through the agreement, Ministry of Finance has assigned the central bank as a Special Purpose Vehicle (SPV) and Trustee.
The development came amid a rising in a section of peoples’ inclination for Shariah-based safe investment which is being practiced by many banks in the country.