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Beximco stocks fall despite Tk3,000cr Sukuk plan


Beximco stocks fall despite Tk3,000cr Sukuk plan
Star Business Report
Star Business Report
Stocks of Beximco Limited dropped 1.64 per cent to Tk 84 yesterday despite the company s announcement that it would issue Sukuk bonds worth Tk 3,000 crore.
The listed multinational conglomerate informed its investors about the bond through a disclosure published on the website of Dhaka Stock Exchange (DSE).
Beximco will issue the bonds in order to finance solar projects and expand its textile factory.
DSEX, the benchmark index of the country s premier bourse, was also reluctant to move following the announcement as it dropped 20 points, or 0.36 per cent, to stand at 5,488. ....

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High taxes to stymie sukuk market in corporate sector


High taxes to stymie sukuk market in corporate sector
Analysts say
High taxes on asset transfers act as the main obstacle to creating a vibrant Sukuk market in the corporate sector, according to market intermediaries.
Sukuk is a real asset-backed security which represents the claim on revenues generated from an underlying asset as well as the ownership of that said asset while abiding by sharia laws.
Although there have been some complexities given the tax issues, the latest initiative taken by the government and the central bank is expected to speed up the process.
The central bank will roll out a Sukuk bond next week in order to raise Tk 8,000 crore for the implementation of a government project that will ensure supply of safe water in every upazila.  ....

Rezaul Karim , Ershad Hossain , Moin Al Kashem , Exchange Commission , Asset Management Company , Islamic Finance Development , City Bank Capital Resources , National Board Of Revenue , City Bank Capital , Bangladesh Securities , Prime Finance Asset Management Company , Special Purpose Vehicle , Islamic Finance Development Report , National Board , ரெஜொுல் கரீம் , அர்‌ஶ்யாட் ஹொசைன் , மாய்ந் அல் காஷேம் , பரிமாற்றம் தரகு , சொத்து மேலாண்மை நிறுவனம் , இஸ்லாமிய நிதி வளர்ச்சி , நகரம் வங்கி மூலதனம் வளங்கள் , தேசிய பலகை ஆஃப் வருவாய் , நகரம் வங்கி மூலதனம் , பங்களாதேஷ் பத்திரங்கள் , ப்ரைம் நிதி சொத்து மேலாண்மை நிறுவனம் , சிறப்பு நோக்கம் வாகனம் ,