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

Stock markets in Bangladesh maintained a downward trend for a third consecutive day yesterday, with the values of a majority of shares marking a significant drop..The shares of companies like Islami Bank Bangladesh, BRAC Bank, Square Pharmaceuticals, British American Tobacco Bangladesh, Re

Restoring trust in the banking sector is crucially important

How could two state institutions participate in this process?

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.

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

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.

All shares of S Alam Group will be taken over

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.

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.

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

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

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

Although the incident was discovered in the afternoon of May 29, neither the bank officials nor the client has lodged a complaint so far

The Bangladesh Bank has asked Islami Bank Bangladesh to explain why it is buying US dollars from foreign exchange houses at a rate that is higher than the fixed price.

Bangladesh Bank is hunting for dollars to rebuild its depleting foreign exchange reserves ahead of the January 7 national election.