Desk Report:
To finance priority-based, critical rural infrastructure development projects, Bangladesh Bank is set to issue ‘Bangladesh Government Investment Sukuk’ (BGIS) with a face value of BDT 3,000 crore. The auction for this 182-day tenure Sukuk will be held on Tuesday, December 1, 2026.
The auction will be conducted through Bangladesh Bank’s proprietary ‘Shariah Securities Module’ (SSM). The prospectus and documents pertaining to the Shariah declaration for this issuance have already been finalized, following approval from the Shariah Advisory Committee—a body established under the central bank’s Debt Management Department.
According to the prospectus, the Sukuk, with a face value of BDT 3,000 crore, will be issued based on the ‘Ijara’ (lease) model. The maturity date is set for June 2, 2027. In exchange for their investment, investors will receive a total return (in the form of lease payments) of BDT 112.19 crore over the 182-day period. The annual rate of return has been fixed at 7.50%, which will be paid as a lump sum upon maturity.
Banks and financial institutions that maintain a current account or an ‘Al-Wadia’ current account with Bangladesh Bank are eligible to participate directly in the auction. Additionally, domestic and foreign individual investors, corporate entities, investment firms, insurance companies, provident funds, and deposit insurance funds may also participate through banks or financial institutions that hold such accounts with Bangladesh Bank.
Investors may submit bids online via the Shariah Securities Module (SSM)—using their respective ‘Sukuk Investor’ (SI) IDs—on December 1, between 10:00 AM and 1:00 PM. Bids must be placed in multiples of BDT 10,000. New investors must complete the process of opening a Sukuk Investor ID (SIID) by contacting their respective banks no later than November 29, 2026. The amount of Sukuk allocated to successful bidders in the auction will be available in the respective investors’ accounts by 3:00 PM on the same day.
