Islamic bank issues notice to restore stability in operations

Islami Bank Bangladesh PLC, one of the country's largest Sharia-based financial institutions, has issued a warning notice to maintain stability in its operations and restore customer confidence.

The bank authorities said that the bank's financial operations are gradually returning to normal as a result of liquidity support and various internal management initiatives by Bangladesh Bank.

The notice issued on Saturday said that any attempt to create any kind of obstruction, chaos or unstable situation in the normal operations of the bank will be considered a legally punishable offense. It has also been warned that necessary legal action will be taken against such activities as per the Bank Companies Act.

Bank sources said that in the last few months, the pressure to withdraw deposits had increased due to liquidity crisis, various rumors and uncertainty among customers. At one stage, pressure was created on the bank as a large number of customers were interested in withdrawing money at once. However, it has been claimed that the situation is improving due to the support and steps taken by the management authorities of Bangladesh Bank.

Islami Bank's Acting Managing Director (MD) Altaf Hussain said that the bank is gradually returning to normal. Customer confidence is increasing, new deposits are also being deposited. At the same time, the pressure to withdraw deposits has also reduced compared to before.

He also said that the cautionary notice has been issued keeping in mind that some unscrupulous individuals or groups cannot create confusion, rumors or chaotic situations surrounding the bank. Its main objective is to protect the interests of customers and continue the normal operations of the bank.