Regulatory Alerts2025-01-22
Added
DMD Circular Letter No. 05: Regarding Sukuk Allotment Quota
The Department of Management and Development of the Central Bank of Bangladesh mandates specific Sukuk allotment quotas for investors, effective immediately. The allocation requires that 70% of issued Sukuk be allotted to Shariah-compliant banks, finance companies, and insurance companies; 10% to the Islamic branches and windows of conventional banks; and 20% to individual investors, provident funds, and deposit insurance entities. These new quotas supplement the unchanged directives of Circular Letter No. 06 dated August 27, 2023.
Topics
islamic-finance
Share