Islami Bank issues cautionary notice
Islami Bank issues cautionary notice against disruptive activities, insists its liquidity position 'recovering'
Country’s leading Shariah-based financial institution, Islami Bank Bangladesh PLC, on Saturday issued a cautionary notice warning of legal action against any attempts to disrupt its operations or create instability.
In the notice, the bank authority stated that any attempts to create chaos, blockages, or an unstable environment surrounding the bank's day-to-day operations will be treated as a punishable offense under the law, and necessary steps will be taken in accordance with the Bank Company Act.
The regulatory warning comes as the bank actively works to fully restore customer confidence and stabilize operations following liquidity pressures and widespread market rumors that had triggered high deposit withdrawal demands in recent months.
According to the bank administration, the financial situation is now steadily returning to normal, and customer transactions are being processed smoothly following timely liquidity assistance provided by the central bank, Bangladesh Bank.
Speaking to reporters, Islami Bank’s Acting Managing Director Altaf Husain confirmed that the institution is progressively overcoming its temporary challenges as public trust begins to rebound.
"Islami Bank is steadily returning to normalcy. Confidence is returning among our depositors, new deposits are growing, and the pressure of sudden withdrawals has significantly decreased compared to previous months," Husain said.
Explaining the rationale behind the sudden cautionary announcement, the Acting Managing Director added that the notice was primarily issued to safeguard the core interests of its clients and ensure uninterrupted banking facilities. He emphasized that the measure aims to prevent vested quarters from spreading misinformation or staging artificial disruptions.
Banking sector experts noted that maintaining the stability of Islami Bank is critical for the overall health of the country's financial system due to its vast client base, extensive branch network, and substantial share in national deposits.
Financial analysts added that continuous regulatory oversight from Bangladesh Bank, combined with sustained liquidity support and proactive management policies, will enable the country's largest Islamic lender to fully stabilize its operations shortly. They also advised depositors to rely strictly on official corporate announcements rather than unverified rumors.
2 hours ago