Let’s not repeat past mistakes, even by mistake, uzma urges reform in sukuk market

PRAN-RFL Group Director Uzma Chowdhury has called for introspection and course correction in Bangladesh’s developing bond and Sukuk market, urging stakeholders to learn from past missteps and clear the “fog” of procedural ambiguity holding back progress. Speaking at the seminar “Unveiling Bangladesh’s Bond and Sukuk Market: Revenue Status, Infrastructure Implementation and Islamic Money Market Development”, jointly organised by the Bangladesh Securities and Exchange Commission (BSEC) and the Dhaka Stock Exchange (DSE), Uzma reflected candidly on her company’s pioneering, and at times frustrating, experience as an early issuer. “It’s been two or three years since we issued our first Sukuk. Let’s not make the same mistakes again, even by mistake,” she said. “We must identify our problems, own them, fix them...