Bangladesh Bank opens liquidity support to Islamic banks

DHAKA, 06 December 2022, (TON): Bangladesh Bank has opened short-term liquidity support to the Islamic banks that have been hit by withdrawal pressure amid a barrage of reports on suspicious lending.  

To aid liquidity management and deepen the financial system will be the objective of the Islamic Banks Liquidity Facility, the central bank said in guidelines issued on the new facility.

Islamic banks with investment in the government’s sukuk, a Shariah-compliant debt instrument, will be eligible to avail the facility for 14 days, according to the guidelines.

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