Islami Bank had a good year: Chairman Islami Bank Bangladesh saw its financial performance improve in the past one year, according to its Chairman Arastoo Khan. For instance, IBBL’s default loans at the end of 2017 stood at 3.56%, down from 3.74% a year earlier, he said at a press

Al-Arafah Bank to issue bond of Tk 5.0b The board of directors of Al-Arafah Islami Bank has decided to issue Mudaraba Subordinated Bond worth BDT 5.0 billion to strengthen its capital base, said an official disclosure. The “AIBL 2nd Mudaraba Subordinated Bond” will be issued to strengthen Tier II capital

BB not giving new Islamic banking licences More and more banks are showing interest in converting into full-fledged Islamic banks but the central bank is not giving new licences for the expansion of the shariah-compliant finance. The reason is the absence of a regulatory framework that would enable proper monitoring

Bangladesh Bank heist was state-sponsored: FBI The heist of $81 million from the Bangladesh central bank’s account at the New York Federal Reserve last year was “state-sponsored,” an FBI officer in the Philippines, who has been involved in the investigations, said on Wednesday. Lamont Siller, the legal attache at the

First Finance feels the pinch for corrupt directors The country’s non-bank financial institutions bear the brunt of financial irregularities including embezzlement in which FIs directors and high-ups are involved, the central bank investigative team has found. The names of corrupt big fish in financial institutions (FIs) surface at a time