The Important Rural Infrastructure Development Project in Noakhali, Feni & Laxmipur Districts (IRIDPNFL) is a major infrastructure development initiative currently being implemented by the Local Government Engineering Department (LGED) covering 20 upazilas in three districts of the Chattogram Division.

The project involves several key areas of development:

• Widening, strengthening, and improvement of 76 km of Union roads and 1,115 km of village roads
• Construction of 25 km of reinforced concrete (RCC) roads and 50 km of RCC drains
• Rehabilitation of 180 km of village roads
• Development of 20 km of footpaths and walkways, 600 sq. m of office building extensions, and 10,049.30 sq. m of slope protection
• Construction of 1300 meters of bridges and 1300 meters of culverts
• Development of 34 growth center/markets, infrastructure improvement of 5 tourism areas, and the construction of 5 RCC ghats
• In addition, 480 kilometers of existing roads will undergo repair and rehabilitation to enhance connectivity and transportation efficiency

To finance this, Bangladesh Bank shall issue the Bangladesh Government Investment Sukuk (BGIS) titled “IRIDPNFL Socio-Economic Development Sukuk” amounting to BDT 2,500 (two thousand five hundred) crore on 10 February, 2026, acting as the Special Purpose Vehicle (SPV) and Trustee under the Bangladesh Government Investment Sukuk Guideline, 2020, based on an MoU between the Finance Division, Ministry of Finance, and Bangladesh Bank.

Features of the Issue:

SPV, Issuer and Lessor	Islamic Securities Section, Debt Management Department, Bangladesh Bank.
Originator, Assignor and Lessee	Finance Division, Ministry of Finance, on behalf of the Government of the People’s Republic of Bangladesh.
Issue Amount	BDT 2,500.00 (two thousand five hundred) crore.
Tenure of Sukuk	07 (seven) years.
Use of Proceeds	The proceeds of the issue of the Sukuk will be used to construct & develop assets of ‘IRIDPNFL Socio Economic Development Sukuk’.
Denomination	Minimum BDT 10,000.00 (Ten Thousand) and multiples thereof
Auction Date	09 February, 2026
Issue Date	10 February, 2026
Maturity Date	10 February, 2033
Principal Underlying Contracts	Ijarah.
Rental Rate	9.60% per annum assuming total rent is BDT 1680.00 crore in 07 Years.
Rent Distribution Interval	Half Yearly.
Eligible Investors	All scheduled banks, finance companies, insurance companies, provident funds, deposit insurance funds, and both resident and non-resident individuals are eligible to participate in the auction. However, this Sukuk will be allotted among the investors as per relevant circular(s) of Bangladesh Bank.
Tradability	Considering that the Sukuk Assets are under construction and that Sukukholders will hold a significant portion of beneficial ownership of those assets, the Sukuk will be tradable at a negotiated price after the development and delivery of the 50% of the Sukuk Assets which will be notified by SPV. Prior to this, the Sukuk can be transferred at face value.
Tax Applicability	As per the Income Tax Act, 2023 and Income Tax Ordinance, 2025 and any other applicable law.
Security	Guarantee declaration given by the Local Government and Engineering Department for maintenance and repair of the Sukuk Assets. Another Guarantee declaration by the Treasury and Debt Management Wing of Ministry of Finance, as well as backed by the full faith and credit of the government for periodic and redemption payments.

To know more, please call +8801700707606 (Md Mahmudur Rahman, First Assistant Vice President, Wealth Management), +8801712329983 (Enam Ahmed Hasan, First Assistant Vice President, Wealth Management) or +8801760505649 (Faria Khan Pinash, Executive Officer, Wealth Management).