Islami Bank Bangladesh

The robbing of Islami Bank

How could two state institutions participate in this process?

How Islami Bank was taken over ‘at gunpoint’

Islami Bank, the largest private bank by deposits in 2017, was a lucrative target for Sheikh Hasina’s cronies when an influential business group with her blessing occupied it by force – a “perfect robbery” in Bangladesh’s banking history.

Bank accounts of 4 firms linked with S Alam’s personal secretary frozen

The BFIU found Tk 99.7 crore at the accounts of four companies of Md Akiz Uddin, also a former deputy managing director of Islami Bank Bangladesh

Islami Bank finally freed from S Alam Group

After seven years, S Alam Group’s control over Islami Bank ended yesterday after the Bangladesh Bank decided to dissolve the board of the country’s largest private sector bank that was heavily dominated by individuals linked to the conglomerate.

BB to dissolve Islami Bank board, take over shares of S Alam Group

All shares of S Alam Group will be taken over

Islami Bank sacks 8 top officials amidst internal unrest

Islami Bank Bangladesh yesterday terminated its contracts with eight top officials amid unrest in the largest Shariah-based bank in the country following the political changeover.

Analysis / Unrest in banking sector raises concerns

Unrest has gripped the banking sector at a time when several banks are burdened with huge default loans and are suffering from low asset quality.

Islami Bank plunges into chaos as rival groups clash

The situation worsened when officials and Deputy Managing Director Miftah Uddin tried to enter the headquarters of the bank

Islami Bank rejects cheque seeking to withdraw Tk 548cr 

Islami Bank Bangladesh today rejected a cheque of a little-known company seeking to withdraw Tk 548 crore

September 1, 2024
September 1, 2024

The robbing of Islami Bank

How could two state institutions participate in this process?

September 1, 2024
September 1, 2024

How Islami Bank was taken over ‘at gunpoint’

Islami Bank, the largest private bank by deposits in 2017, was a lucrative target for Sheikh Hasina’s cronies when an influential business group with her blessing occupied it by force – a “perfect robbery” in Bangladesh’s banking history.

August 26, 2024
August 26, 2024

Bank accounts of 4 firms linked with S Alam’s personal secretary frozen

The BFIU found Tk 99.7 crore at the accounts of four companies of Md Akiz Uddin, also a former deputy managing director of Islami Bank Bangladesh

August 22, 2024
August 22, 2024

Islami Bank finally freed from S Alam Group

After seven years, S Alam Group’s control over Islami Bank ended yesterday after the Bangladesh Bank decided to dissolve the board of the country’s largest private sector bank that was heavily dominated by individuals linked to the conglomerate.

August 21, 2024
August 21, 2024

BB to dissolve Islami Bank board, take over shares of S Alam Group

All shares of S Alam Group will be taken over

August 19, 2024
August 19, 2024

Islami Bank sacks 8 top officials amidst internal unrest

Islami Bank Bangladesh yesterday terminated its contracts with eight top officials amid unrest in the largest Shariah-based bank in the country following the political changeover.

August 12, 2024
August 12, 2024

Unrest in banking sector raises concerns

Unrest has gripped the banking sector at a time when several banks are burdened with huge default loans and are suffering from low asset quality.

August 11, 2024
August 11, 2024

Islami Bank plunges into chaos as rival groups clash

The situation worsened when officials and Deputy Managing Director Miftah Uddin tried to enter the headquarters of the bank

August 7, 2024
August 7, 2024

Islami Bank rejects cheque seeking to withdraw Tk 548cr 

Islami Bank Bangladesh today rejected a cheque of a little-known company seeking to withdraw Tk 548 crore

August 6, 2024
August 6, 2024

Islami Bank employees demonstrate in front of bank's HQ

They said they were deprived of official benefits and promotions over the last 15 years

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