Islami Bank has requested Tk 10,000 crore in liquidity support from Bangladesh Bank after depositors withdrew around Tk 4,000 crore amid internal unrest. The instability followed the appointment of former deputy governor Khurshid Alam as the bank’s new chairman on May 24, 2026, after the resignation of Professor M Zubaidur Rahman. A senior bank official confirmed that the bank’s principal account balance dropped from Tk 7,015 crore to Tk 2,600 crore, leading to a shortfall in the Cash Reserve Ratio (CRR).

The unrest began after Khurshid Alam’s appointment, which some customers and shareholders opposed, organizing continuous protests in front of Islami Bank Tower for nine consecutive days. The bank’s liquidity stress has been linked to earlier irregular loans taken by S Alam Group during the previous Awami League government, which had previously caused CRR deficits. The situation had improved under the interim government but deteriorated again under the new administration.

A Bangladesh Bank official confirmed receiving Islami Bank’s request for liquidity support but said no decision had yet been made on the matter.