City Bank Capital issue manager for Tk 3,000cr Beximco sukuk Star Business report Star Business report
Beximco Ltd has appointed City Bank Capital Resources Ltd as the issue manager as it looks to raise Tk 3,000 crore by issuing sukuk.
This will be the largest sukuk issuance in the private sector in Bangladesh.
A sukuk is an Islamic financial certificate, similar to a treasury bond and structured to generate returns in compliance with Islamic finance principles.
Bangladesh entered the sukuk era on December 28 when the central bank held its first-ever auction for the Islamic bond. The government is raising Tk 8,000 crore through the issuance of the sukuk to implement a safe water supply project.