Dhaka, Nov. 5 -- Bangladesh Bank is set to issue its seventh investment sukuk worth Tk2,500 crore in December to finance the Important Rural Infrastructure Development Project in Noakhali, Feni, and Lakshmipur Districts (IRIDPNFL).

The central bank said in a press release that the first meeting of its Shariah Advisory Committee-under the leadership of the deputy governor and the Debt Management Department-was held on Monday at the BB headquarters.

Presided over by Deputy Governor Md Kabir Ahmed, the committee unanimously approved the issuance of the 7-year Sukuk under the Ijarah (lease-based) method.

Proceeds from the sukuk will fund road construction and expansion, slope protection, and the development of markets, haats, and tourism f...