Cash-strapped Islami Bank

After IDB, ICB, now Saudi firm Al-Rajhi leaves Islami Bank

Islami Bank borrows Tk 1,000cr from Sonali breaching rules

Cash-strapped Islami Bank borrowed Tk 1,000 crore from the state-run Sonali Bank offering interest, in violation of the Bangladesh Bank guidelines for Shariah-based banking.

January 31, 2024
January 31, 2024
After IDB, ICB, now Saudi firm Al-Rajhi leaves Islami Bank

Islami Bank borrows Tk 1,000cr from Sonali breaching rules

Cash-strapped Islami Bank borrowed Tk 1,000 crore from the state-run Sonali Bank offering interest, in violation of the Bangladesh Bank guidelines for Shariah-based banking.