Islami Bank Grahak Forum demands bank handover to founding entrepreneurs

Islami Bank Grahak Forum demands bank handover to founding entrepreneurs

Islami Bank Grahak Forum (IBGF) on Sunday demanded that Islami Bank be returned to its founding directors to restore customer trust.
At a press conference at the Jatiya Press Club, the forum said that the current management has failed to operate the bank in a customer-friendly manner, leading to difficulties for many businesses in securing working capital loans and investments.
As a result, the production sector is facing significant hurdles in opening letters of credit (LCs), while Islami Bank continues to pay around Tk 14,000 crore in deferred LC liabilities linked to S. Alam Group beneficiaries.
Prominent businessman Abdul Hoque, convenor of IBGF, and Abul Kashem Haider, joint convenor and chairman of Islamic Finance and Investment PLC, addressed the event.