Bangladesh Bank is set to conduct an auction for the 9th Bangladesh Government Investment Sukuk, titled “CAFDRIRP Socio-Economic Development Sukuk”, on Monday, June 22, 2026.

The auction will be managed by the Islamic Securities Section under the Debt Management Department of the central bank.

The government aims to raise Tk 56 billion (Tk 5,600 crore) from the market through the Islamic bond issue.

The proceeds from the sukuk will be used to finance the state-led project titled “Cyclone Amphan and Flood Damaged Rural Road Infrastructure Rehabilitation Project (CAFDRIRP)”.

The issue amount has been fixed at Tk 56 billion (Tk 5,600 crore), with a tenor of five years and an annual rental/profit rate of 9.75 per cent.

Profits will be distributed to investors every six months. The instrument has been structured as an Ijarah Sukuk, a lease-based Shariah-compliant bond.

The minimum investment has been set at Tk 10,000.

According to the central bank notification, all resident and non-resident individuals, as well as institutional investors, are eligible to invest in the Shariah-compliant government instrument.

Investors can participate in the sukuk through their respective bank or financial institution accounts.

The entire bidding process will be conducted electronically through Bangladesh Bank’s dedicated Shariah Securities Module (SSM).

First-time investors must contact their respective banks before the auction date to open a unique Sukuk Investor ID, or SIID, in the SSM system. However, existing investors who already have an active SIID will not need to open a new one.

The central bank said the bidding window will remain open on June 22, 2026, from 10:00 am to 3:00 pm.

Financial analysts and banking insiders say government sukuk have emerged as an attractive, low-risk and tax-efficient asset class in Bangladesh.

Amid volatility in the equity market, the sovereign-backed instrument with a 9.75 per cent annual rental/profit rate is likely to draw interest from Islamic commercial banks, conventional banks with Islamic banking windows, non-bank financial institutions, corporate treasuries and high-net-worth retail investors seeking secure returns.

Detailed information, including the official sukuk prospectus and FAQs, is available on the Bangladesh Bank website.