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According to The Economist, "Islami Bank was a pioneer in financing Bangladesh's rise as the apparel industry's main production base outside China." [7] In 2012, United States Senate Permanent Subcommittee on Investigations mentioned possible ties of Islami Bank Bangladesh Limited to terrorism financing through HSBC Bank which the bank denied.
There are 10 Islami Shariah-based PCBs in Bangladesh and they execute banking activities according to Islami Shariah-based principles i.e. Profit-Loss Sharing (PLS) mode. [1] Exim Bank PLC; Al-Arafah Islami Bank PLC; First Security Islami Bank PLC; Global Islami Bank PLC; ICB Islamic Bank PLC; Islami Bank Bangladesh PLC; Shahjalal Islami Bank PLC
Islami Bank Bangladesh; S. Shahjalal Islami Bank; Social Islami Bank; Standard Bank PLC. This page was last edited on 20 March 2022, at 23:49 (UTC). ...
The agent had accused the group of embezzling money from banks under its control such as Al-Arafah Islami Bank PLC, Bangladesh Commerce Bank, First Security Islami Bank, Islami Bank Bangladesh PLC, NRB Global Bank, Social Islami Bank, and Union Bank. The Al-Arafah Islami Bank PLC. burrowed 750 million BDT from Sonali Bank at 9 per cent interest ...
In 2014, Bangladesh Bank rescheduled the payment plan of ICB Islamic Bank to the depositors' of Oriental Bank. [8] By 2018, ICB Islamic Bank had failed to return 4.44 billion taka to the depositors' of Oriental Bank, a condition set by Bangladesh bank, and sought a change in the repayment plan from the central bank. [6]
In January 2017, Masud was elected an executive member of Bangladesh Foreign Exchange Dealers' Association. [7] On 21 August 2019, he was appointed Managing Director of Rupali Bank and Ataur Rahman Prodhan replaced him as the Managing Director of Sonali Bank. [8] He retired from Rupali Bank on 27th August 2022. [9]
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City Bank (Bangladesh) D. Dhaka Bank; Dhaka Mercantile Co-Operative Bank Limited; G. Global Islami Bank; H. Habib Bank Limited; M. Mercantile Bank (Bangladesh) P.