Country’s largest shariah-based lender sees its current account with central bank slipping into deficit

The move comes as Islami Bank faces a severe liquidity crisis, with its current account with the central bank falling into a deficit of around Tk 4,000 crore in the past two weeks amid protests and controversy surrounding Khurshid Alam's appointment

Home minister made the allegation in parliament and called for the bank’s ownership structure to be made public

Between June 1-7, the bank saw Tk 4,241 crore in withdrawals amid protests against appointment of new chairman

Shares of Beximco Ltd and Islami Bank fell the most among all listed firms on the first trading day after the stock regulator lifted a nearly four-year-old floor price restriction on the two companies

Partisan politics should not decide a bank's functioning

Continued protests by a section of Islami Bank customers have triggered a surge in deposit withdrawals, placing the country’s largest Shariah-based lender under mounting pressure.

They opposed a virtual board meeting held on Monday night, during which the board accepted the resignation of former managing director Omar Faruk Khan

As per BB’s order, the bank’s total exposure to a single borrower or group is restricted to 25 percent of its capital.

The appointment of a new chairman threw Islami Bank into fresh turmoil, as protests, police action, and internal disorder gripped the country’s largest Islamic lender yesterday.

He submitted his resignation letter to the governor of Bangladesh Bank

He was appointed to the bank’s reconstituted board in August 2024

Islami Bank has made 4,771 officials OSD (officer on special duty) and terminated another 200 for violating service rules.

Islami Bank Bangladesh’s earnings took a heavy hit in 2024 as surging payouts to depositors and higher provision expenses dented its bottom line.

The Bangladesh Financial Intelligence Unit wants the information by July 15

Md Omar Faruk Khan made acting managing director

Ahsan H Mansur opens a branch of the bank in Ghatail of Tangail

Mohammed Monirul Moula, the managing director of Islami Bank Bangladesh, has not gone to his workplace since December 19 when he was forced to leave by a group of officials.

Major indices of the stock market in Bangladesh fell yesterday, snapping a two-day gaining streak as investors cautiously traded select shares to pocket short-term gains amid price fluctuations resulting from earnings disclosures by listed companies..The DSEX, which reflects the cumulative

Indexes of the stock market in Bangladesh declined yesterday on rising the day before, largely due to the poor performance of Islami Bank Bangladesh along with the large-cap and blue-chip shares amid sales pressures..Large-cap refers to shares which account for large amounts in market capi