The Bangladesh Securities and Exchange Commission (BSEC) has authorized the sale of Islami Bank Bangladesh’s fifth Mudaraba subordinated bond, valued at an astonishing BDT 500 crore, marking a major advancement in the bank’s financial basis. This bond, consisting of 10,000 units priced at BDT 500,000 each, aims to bolster Islami Bank’s Tier 2 capital in compliance with global BASEL III standards. By doing so, the bank reinforces its commitment to maintaining a robust and sustainable financial position. Issued through private placement, the bond is non-convertible and unsecured, reflecting Islami Bank’s confidence in its financial integrity and strategic vision.
Source: Business Inspection BD
