Bangladeshi banks can invest in Islamic green bonds

The nation's central bank this week said the special funds built up by domestic lenders to maintain stock market liquidity could be used to purchase sharia-compliant 'sukuk' green bonds which made their debut last month.The central bank of Bangladesh has given the nation's commercial lenders permission to invest funds they have been gathering since last year, to shore up stock markets, into recently introduced green bonds. Sharia-compliant "sukuk' bonds were first offered direct to investors last month, via initial public offerings (IPOs) but, following a tepid response, the central bank ...

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