'IRIDPNFL Socio-Economic Development Sukuk' auction on Feb 9

BSS
Published On: 25 Jan 2026, 23:31

DHAKA, Jan 25, 2026 (BSS) - The auction of a seven-year Bangladesh Government Investment Sukuk, aimed at financing major rural infrastructure development in the Noakhali, Feni and Lakshmipur districts, will be held on February 9.

Bids for the purchase of the Sukuk can be submitted from 10:00 am on February 8 until 12:30 pm on February 9 at the Islamic Securities Section of the Debt Management Department of the central bank. Successful bidders will be notified via email on the day of the auction, said a press release issued by Bangladesh Bank today.

Through the issuance, the government plans to raise Tk 2,500 crore (face value) under the Sukuk Ijarah structure. Investors will receive an annual return of 9.80 percent, while the government is expected to pay a total of Tk 1,680 crore as rent or profit over the seven-year tenure.

The Sukuk will mature on February 9, 2033, and investors will be able to purchase the instrument in multiples of Tk 10,000.

The primary objective of the Sukuk is to finance the Important Rural Infrastructure Development Project for Noakhali, Feni and Lakshmipur Districts (IRIDPNFL).

The prospectus and Shariah declaration for the issuance have already been finalised with the approval of the Shariah Advisory Committee under the Debt Management Department, the release said.

According to Bangladesh Bank, all banks and financial institutions maintaining Al-Wadiah or current accounts with the central bank will be eligible to participate directly in the auction.

In addition, corporate institutions, insurance companies, provident funds, deposit insurance funds, as well as local and foreign individual investors may participate through banks or financial institutions holding the required accounts with Bangladesh Bank.

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