, Jan. 12 -- Bangladesh Bank announced plans to issue the 'Bangladesh Government Special Sukuk-1', a Shariah-compliant bond worth Tk 10,000 crore, to finance selected national infrastructure and welfare projects.

The decision was finalised after meetings held last week by the central bank's Shariah Advisory Committee under the Debt Management Department, which were presided over by Bangladesh Bank Deputy Governor Dr Md Kabir Ahmed.

According to the central bank, the Sukuk will have a tenure of 10 years and carry an annual profit rate of 9.75 percent.

The bond will be issued based on the 'Ijarah' (leasing) method, a Shariah-compliant financing structure approved by the committee.

Proceeds from the issuance will support seven housing pr...