Salman F Rahman expressed enthusiasm for the introduction of ‘Sukuk Bond’ in Bangladesh market as a new investment equipment.
He was addressing a virtual roundtable on “Sukuk Bond: A new frontier for financing instruments in Bangladesh” organized by Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI) and City Bank Capital. He said “The treasury bonds will be listed very soon and a huge number of bonds are coming and being listed into the market. Lots of corporate houses are also looking at the difference”.
Salman F Rahman, the Bangladeshi industrialist and philanthropist, is holding the rank of a cabinet minister and serving as the Private Sector Industry and Investment Adviser to Honorable Prime Minister Sheikh Hasina. He is the co-founder and vice chairman of Beximco Group, one of the largest business conglomerates in Bangladesh.
Salman F Rahman mentioned that there is a huge demand, requirement and acceptance of Islamic Financing in Bangladesh as this is a country with a majority population who are Muslim. He added that the government is also bringing amendments to the Bankruptcy Law and the Company Act. “The laws are being amended, being reviewed and new laws are being framed. Hence, this is the right time to take initiatives on how to bring Islamic Financing and Sukuk in the market,” he said.