A thriving capital market is essential to a nation’s robust economy. According to the speakers, there is no denying the bond market’s contribution to the capital market’s revival.

They claimed that Sukuk bonds are a successful market product and are highly well-liked globally. Sukuk has been abused, though, as numerous people and organizations have benefited from previous governments and regulators.

They said these things at a day-long workshop titled ‘Understanding Bond and Sukuk Market’ jointly organized by the Capital Market Journalists’ Forum (CMJF) and BICM on Wednesday at the auditorium (multipurpose hall) of the Bangladesh Institute of Capital Market (BICM) on Topkhana Road in the capital.

BICM Acting Executive President Nazmus Salehin, CMJF President Golam Samdani Bhuiyan, former President Ziaur Rahman and General Secretary Abu Ali spoke at the event. Faima Akhter, a lecturer at BICM, moderated the event.

Nazmus Salehin said that BICM is working to create skilled manpower. The role of this institution for the capital market is undeniable. But unfortunately, we are not getting the manpower as per the requirement. He said that BICM has a Masters program in Applied Finance and Capital Market. The certificate of which is provided by Dhaka University. Here too, we are not getting students. He said that we are having problems getting students.

CMJF President Golam Samdani Bhuiyan said that there is no alternative to bonds in the development of the capital market. But there is some deficiency in knowing and understanding about these bonds. This is the reason for this arrangement. Hopefully, such training will play a role in filling that deficiency. Ziaur Rahman said that if the misuse of bonds is not stopped at the right time, investors will lose confidence in it. I will request the interim government to take action against those who misused bonds and sukuk. However, he urged ordinary investors investing in sukuk and bonds to be careful not to be affected.

CMJF General Secretary Abu Ali said that the stock market is a sensitive place. The journalists working in this section have come from outside the economics and commerce departments. As a result, CMJF is always striving for responsible journalism in sensitive areas. This kind of training is being organized in continuation of that. Hopefully, such workshops will play a big role in the country’s stock market and economy.

The training was conducted by BICM Assistant Professor SM Kalbin Salima, Lecturer Faima Akhter and Lecturer Gaurab Roy.