Islamic bank

Merger plan for five Islamic banks gets clearance

BB to appoint administrative teams

Largest Islamic bank in the making

The five banks slated for consolidation are First Security Islami Bank, Union Bank, Global Islami Bank, Social Islami Bank and Exim Bank.

Tariffs, weak confidence heighten risks for Islamic banks

Says Moody’s, warns solvency, governance and reporting rules to deepen challenges

Audits expose hidden bad loans at 6 Islamic banks

The reviews, initiated in January with backing from the ADB, expose deep-seated financial mismanagement at those banks

Islamic bank deposits fall again on fragile confidence

Depositors continued to move their funds out of full-fledged Islamic banks in the October-December period last year, a sign that many savers have yet to regain confidence in the Shariah-compliant banks due to alleged irregularities.

Islamic banks face liquidity challenges: Fitch

Islamic banks’ liquidity coverage ratio (LCR) tumbled to 58.7 percent at the end of last year compared to 87.7 percent in 2022 and 188.5 percent in 2021.

Loans, deposits rise in Islamic banks despite severe liquidity crisis

Islamic banks' outstanding loans rise by 1.43%, deposits 1.27% in February than January

May 29, 2024
May 29, 2024

Loans, deposits rise in Islamic banks despite severe liquidity crisis

Islamic banks' outstanding loans rise by 1.43%, deposits 1.27% in February than January