Govt borrows 10,000C from Sammilito Islami Bank

The government is taking a loan of Tk10,000 crore from Sammilito Islami Bank. For this, a 10-year Shariah-based Sukuk (Islamic bond) is being issued. This is the largest investment so far for the newly formed bank, where the government will get 9.75% profit per year. Bangladesh Bank said that on January 7-8, the Shariah Advisory Committee formed under the chairmanship of central bank's deputy... Details