Bangladesh’s largest Shariah-based bank, Islamic Bank Bangladesh PLC, is facing a growing crisis as thousands of customers report difficulties withdrawing their deposits. Concerns are mounting nationwide regarding the bank’s liquidity, with reports of cash shortages at branches and ATMs. Real-time gross settlement (RTGS) services have been temporarily suspended, and the bank is reportedly dishonoring large checks and payment orders. These issues have eroded customer confidence and sparked widespread anxiety about the security of their funds. Bank officials have not yet provided a definitive timeline for restoring full access to customer deposits. The situation is developing, and regulatory authorities are monitoring the bank’s financial health closely.
