BICM holds seminar on investment in Sukuk
Bangladesh Institute of Capital Market (BICM) on Tuesday held "BICM Research Seminar-6".
BICM Lecturer SM Kalbin Salema presented the key article -- Sukuk: A New Investment Avenue for Institutional Investors In Bangladesh -- at the seminar, reads a press release.
The seminar was attended by Md Firoz Ahmed, deputy secretary of the Finance Ministry; Masuma Sultana, Deputy General Manager at Loan Management Department of the Bangladesh Bank; Md Golam Mostafa, deputy general manager at the Trustee Division of the Investment Corporation of Bangladesh and Mufti Eusuf Sultan, Shariah head and chief governance of Ethis Malaysia.
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They discussed the prominent reasons which persuade investors to invest in Sukuk.
According to a survey conducted on 26 institutional investors, the main factors influencing the investment decision in Sukuk include ensuring the use of project money in Sharia-based system, dividend disbursement in due time, scope of exchanging ownerships at secondary market, and discount on VAT.
