|
Sukuk, commonly known as Islamic investment certificates, are Shariah-compliant financial instruments designed to raise capital in accordance with Islamic principles. Unlike conventional bonds that involve interest (riba), Sukuk represent proportional beneficial ownership in tangible assets, usufructs, or investment projects that generate halal income. Returns to investors are derived from the performance and use of the underlying assets rather than fixed interest payments.
In Bangladesh, Sukuk has become an important tool for financing national infrastructure and socio-economic development projects. The “CIBRR-1 Socio-Economic Development Sukuk,” issued on behalf of the Government of the People’s Republic of Bangladesh under the supervision of Bangladesh Bank, is one such initiative aimed at supporting the construction of important rural bridges. Structured primarily under the Ijara (leasing) model, along with supporting contracts such as Istisna, Wa‘d (purchase undertaking), and Guarantee arrangements, this Sukuk provides investors with a secure, ethical, and asset-backed investment opportunity.
Supported by the Government of Bangladesh and its regulatory authorities, Sukuk plays a significant role in strengthening the Islamic capital market, promoting financial inclusion, and mobilizing funds for development-oriented infrastructure projects that directly contribute to national growth.
|
Security Feature
