Islami Bank

Islami Bank incurs Tk 89 crore in loss in Q3

However, the bank made a profit of Tk 267 crore in the Jan-Sep period

Former Islami Bank chairman returns home after a decade

Abu Nasser Muhammad Abduz Zaher resigned from the bank and left for London in 2015

S Alam Group took over half of Islami Bank’s total loans, says new IBBL chairman

Chattogram-based conglomerate S Alam Group has taken more than half of the total loans disbursed by Islami Bank Bangladesh Ltd (IBBL), according to the bank’s newly appointed Chairman Md Obayed Ullah Al Masud

‘I was forced to step down’

Islami Bank’s former managing director Abdul Mannan had not appeared or spoken publicly since S Alam Group took control of the bank in March 2017.

BB loses Tk 55cr in forex deals with Islami Bank

The Bangladesh Bank has incurred a loss of Tk 55 crore from its foreign exchange deal with Islami Bank centring the introduction of the crawling peg exchange rate system.

Our banking sector, where no rules apply for vested quarters

In the banking sector of Bangladesh, exemptions from rules and regulations for powerful loan defaulters seem to be the default rules.

Cash-strapped Islami Bank lends to AnonTex

Distressed Islami Bank has approved a Tk 700 crore loan to a concern of AnonTex Group, one of the five large borrowers of Janata Bank that has been enjoying undue facilities despite making negligible repayment in 13 years.

Islami Bank tightens lending to mend health

Islami Bank has tightened its lending activities as the embattled bank looks to shore up its financial health by September.

Saudi investor withdraws director from Islami Bank

Saudi investor Arabsas Travel & Tourist Agency has withdrawn its director from the board of Islami Bank Bangladesh PLC, according to a report of the bank.

July 27, 2023
July 27, 2023

Islami Bank’s profit rises slightly

Islami Bank Bangladesh Ltd’s profit grew 1.4 percent year-on-year to Tk 343.33 crore in the January-June half of 2023.

May 21, 2023
May 21, 2023

Islami Bank remains top remittance collector

Islami Bank Bangladesh Ltd (IBBL) retained its top spot as the biggest remittance collector as it brought home the highest amount of funds sent home by migrant workers in January-March of 2023, official figures showed.

January 5, 2023
January 5, 2023

Forex market continues to stay under pressure

Come January there won’t be any volatility in the foreign exchange market -- was the overarching message from the government in the past couple of months. January has arrived, and the situation is dicey as before.

January 2, 2023
January 2, 2023

Islami Bank takes emergency Tk 8,000cr from BB

Islami Bank has started to avail a central bank facility that is only summoned during extraordinary circumstances, as the Shariah-based lender looked to dress up its balance sheet ahead of the year’s end.

December 18, 2022
December 18, 2022

Bangladesh Bank looked away as tycoons borrowed at will from 2 banks

On edge -- is what best describes the sensation surrounding the banking sector. But the Bangladesh Bank higher-ups were warned as early as October 2021 that such a situation might transpire. Yet, no definitive action was taken then.

December 13, 2022
December 13, 2022

BB sends observers to Islami Bank, FSIBL

Bangladesh Bank yesterday re-appointed an observer at Islami Bank and dispatched an observer for the first time at First Security Islami Bank (FSIBL) -- the two Shariah-based lenders where Chattogram-based business giant S Alam Group has significant stakes.

December 6, 2022
December 6, 2022

Hold the elite to account

Investigation into financial irregularities the first step forward

December 6, 2022
December 6, 2022

Probe S Alam Group assets

Prime Minister Sheikh Hasina has called for an investigation into the affairs of S Alam Group, which has been in the public discourse in recent times for its alleged excessive borrowing from the banking system in violation of rules.

April 24, 2018
April 24, 2018

Islami Bank 'Crisis': Two reasons led to Arastoo's exit

Refusal to terminate 21 top officials and extend some big loans has forced Arastoo Khan to resign from the post of chairman of the Islami Bank Bangladesh Limited after only one year of his three-year term, an investigation by The Daily Star has found.

August 4, 2017
August 4, 2017

Islami Bank: Profit falls as bad debts rise

Islami Bank, the largest and most profitable bank in the country, has seen a significant fall in its half-yearly profit, only months after