Regulatory Alerts2026-05-04
DMD Circular No. 04/2026: Regarding Sukuk Investor ID Opening and Determination of Fees/Charges for Investment Services in SSM
Bangladesh Bank’s Data Management Department issued DMD Circular No. 04/2026 to standardize the opening of Sukuk Investor (SI) IDs and mandate the use of prescribed application forms and document checklists within the Shariah Securities Module (SSM). The circular explicitly caps and defines all applicable fees for Sukuk investment services, prohibiting banks and finance companies from charging any additional fees for related services such as profit payments, holding reports, or SIID mortgaging. These instructions take effect immediately and require all scheduled banks and finance companies operating in Bangladesh to verify investor documents, retain records, and submit them for inspection upon request.
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