The government has decided to issue Islamic bonds or Sukuk bonds worth Tk 3,000 crore for the construction of bridges on rural roads. The maturity of this Sukuk bond will be seven years. The auction of this Sukuk bond may be held next March.
The Shariah Advisory Committee of Bangladesh Bank met on Thursday and finalized the matter.
The meeting was chaired by the committee chairman and Bangladesh Bank Deputy Governor Kabir Ahmed. Bangladesh Bank has issued a notification in this regard.
According to a press release from Bangladesh Bank, construction work is underway on 82 bridges in 58 upazilas of 8 divisions of the country. A total of 17,697 meters in length, 38,800 meters of connecting roads and 4,230 meters of river management work are planned to be implemented in these areas. If the project is implemented, it will be possible to improve the rural road communication system and socio-economic conditions of the project area, increase agricultural production, simplify the transportation system of agricultural and non-agricultural goods and reduce costs. As a result, employment opportunities will be ensured in the short and long term. This will be the fifth Bangladesh government investment sukuk.
