Dhaka, March 12 -- The Tk 30 billion Sukuk was oversubscribed nearly four times to Tk 109.25 billion in its fifth auction held at the central bank on Wednesday, officials said.

A total of 46 institutions-both conventional and Shariah-compliant financial institutions and individuals took part in the auction of the Sukuk bonds.

Profit or rent for the Sukuk bonds has been fixed at 9.25 per cent. The profit will be paid on a half-yearly basis.

It is a social impact Sukuk for the construction of important bridges on rural roads (CIBRR-2) with the tenure of seven years, they added.

Under the project, 82 bridges will be constructed in 58 upazilas across the country, enhancing connectivity in rural areas.

Besides, work for river training wil...