Manama: The Central Bank of Bahrain (CBB) has announced that the monthly issue of its short-term Islamic Ijara Murabaha Sukuk has been oversubscribed by 142%. The significant level of interest saw subscriptions totaling BD 43 million for an issue that was initially set at BD 30 million, highlighting a strong demand for this financial instrument.
According to Bahrain News Agency, the Sukuk carry a maturity of 364 days, with an expected return of 5.29%. This is an increase from the 5.12% return of the previous issue dated April 27. The Ijara Murabaha Sukuk are issued by the CBB on behalf of the Government of the Kingdom of Bahrain, serving as an important tool in the government's financial strategy.
This particular issuance is referenced as 12IM/6 with the identification code BH0007402975. The issue underscores the CBB's ongoing efforts to manage liquidity and provide Islamic financial instruments in the market. The series continues to attract significant investment, reflecting investor confidence in the stability and potential returns of the Sukuk.