BANGLADESH: Prime Bank launched a Teer Islamic Commercial Paper (ICP) with a 180-day maturity to raise a total of BDT500 million (US$4.12 million) on behalf of City Auto Rice and Dal Mills. As the country’s first-ever Shariah compliant short-term investment opportunity, this offering is available via the bank’s outlets with a minimum subscription of BDT500,000 (US$4,118) and subsequently in multiples of BDT100,000 (US$824).
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