Bangladesh Government to Issue Sukuk by December 2020 to Finance Infrastructure Projects

The Government of Bangladesh has announced plans to issue Sukuk from December 2020 onwards as part of efforts to smoothly implement infrastructure projects. According to local media reports, Bangladesh Bank (BB), which is the central bank of Bangladesh, will act as a special purpose vehicle (SPV) for the issuance of the upcoming Sukuk.

The Ministry of Finance issued guidelines titled ‘Bangladesh Government Investment Sukuk Guidelines 2020’ on the 8th of October 2020, with BB informing banks and non-bank financial institutions of the development in a circular released on the 21st of October 2020.

According to the circular, the matur...