Islami Bank aims to recover Tk10,000cr from five Shariah-compliant banks
Governor assures support for smooth operation of Islamic Bank Board Islamic Bank Bangladesh Limited is pursuing the recovery of approximately Tk 10 million that five Shariah-based banks owe and discussed this matter with Bangladesh Bank Governor Mostakur Rahman on Tuesday, March 31. The meeting took place at the central bank’s headquarters at 11:30 a.m. and […]
No interest, no fees: Krishi Bank introduces Shariah-compliant fixed deposit
Initiatives have been launched to attract interest-free and low-interest deposits while strengthening banks’ deposit bases. February 5, 2026, 8:15am Last updated: February 5, 2026, 11:52 AM Bangladesh Krishi Bank (BKB) has introduced a Shariah-compliant fixed deposit scheme for those who prefer not to earn interest on their savings. This announcement was made in a circular […]
Central bank grants final approval for the merger of five Shariah-compliant banks into ‘United Islami Bank’
Bangladesh Bank Approves Merger of Five Sharia-Based Banks Bangladesh Bank has finalized the merger of five struggling Sharia-based banks into a single entity called ‘United Islamic Bank.’ This decision clears the last regulatory barriers for the new bank to start operations. The board of directors of the central bank gave their approval on November 30, […]
Central Bank disbands boards of 5 Shariah-compliant banks before merger
Bangladesh Bank Dissolves Board to Merge Five Islamic Banks Bangladesh Bank has taken the significant step of dissolving its board of directors as part of a plan to merge five smaller Sharia-compliant banks into a single, larger Islamic banking institution. The central bank conveyed this decision in a notice to the managing directors of the […]