Islami Bank to onboard US-based investor for its mCash subsidiary

The board of Islami Bank Bangladesh PLC has approved a proposal to onboard B100 Holdings LLC, USA, as a strategic investor in its mobile financial services subsidiary, mCash Ltd.

The decision was taken during a board meeting on March 8, with the investment subject to compliance with all applicable legal and regulatory requirements, according to a disclosure on the Dhaka Stock Exchange (DSE) website today.

As part of the agreement, the paid-up capital of mCash Ltd will be enhanced in phases up to Tk 500 crore.

Under the new capital structure, Islami Bank will maintain a minimum 51 percent equity participation, while B100 Holdings LLC will hold a maximum of 49 percent through the subscription of shares.

The bank’s profit dropped to Tk 99.77 crore in the first nine months of 2025, down from Tk 267.71 crore in the same period of 2024. The bank attributed the decline to decreased investment income resulting from an increase in classified investments.

According to DSE data as of February 28, 2026, institutional investors hold 75.06 percent share of Islami Bank Bangladesh PLC, foreign investors 17.91 percent, and the rest is owned by sponsors, directors, and the general public.