B Mirror Report : In a major step toward strengthening public infrastructure through Shariah-based financing, Bangladesh Bank (BB) has approved the launch of “Bangladesh Government Special Sukuk-1”, amounting to Tk 10,000 crore.

The approval came following two consecutive meetings of the Shariah Advisory Committee of the Debt Management Department, held on January 7 and 8, 2026. The meetings were presided over by Bangladesh Bank Deputy Governor Dr. Md. Kabir Ahmed.

As stated in an official press release from the central bank, the Sukuk will carry a tenure of 10 years with an annual profit rate of 9.75 percent. The financing structure will be based on the Ijara (leasing) mechanism, in line with Islamic financial principles.

The proceeds from the Sukuk will be secured against designated government assets, including seven residential housing projects for public servants developed by the Public Works Department, along with selected railway services operated by Bangladesh Railway.

Bangladesh Bank has scheduled the Sukuk issuance for January 14, 2026, to be executed through a private placement in favor of Islami Bank PLC.

This initiative aims to advance national development priorities by mobilizing Shariah-compliant funds for large-scale public housing and infrastructure projects, reinforcing the role of Islamic finance in government funding strategies.