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BB to issue Shariah-based investment instrument by Dec 30

The Bangladesh Bank is going to issue Shariah-based safe investment instrument (Sukuk) by December 30, marking the Month of Victory.

It entered into a deal with 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 rise in a section of peoples’ inclination for Shariah-based safe investment which is being practiced by many banks in the country.