Dismissed employees from six banks staged a sit-in in Dhaka’s Motijheel area on Sunday morning, demanding that control of Islami Bank and five other banks be returned to S Alam Group and that they be reinstated in their jobs. The protest took place in front of Islami Bank’s head office in Dilkusha, with participants from Islami Bank Bangladesh, First Security Islami Bank, Union Bank, Al-Arafah Islami Bank, Global Islami Bank, and Social Islami Bank. Their three-point demand included reinstatement, restoration of S Alam’s control, and dissolution of the current boards.

Many of the protesters were residents of Patiya in Chattogram, the home area of S Alam Group chairman Saiful Alam Masud. Sources said the protest followed a new law allowing former owners to return to their banks. Thousands reportedly arrived in Dhaka from Patiya over the previous two days and stayed in hotels before joining the demonstration.

Bank sources stated that only employees with forged certificates or who skipped evaluation tests were dismissed, and that reinstatement was not possible. They added that Bangladesh Bank had restructured the boards after finding evidence of large-scale fund withdrawals linked to S Alam.