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Published : 09 Mar 2026, 01:04 PM
Islami Bank Banglaesh has decided to bring in about Tk 2.45 billion in foreign investment as a strategic investment for its mobile financial service (MFS) “mCash”.
It said the funds will come from “B100 Holdings LLC”, an investment institution in the United States.
The decision to take the investment was made at the bank's board of directors meeting on Sunday and it announced the decision to investors through the Dhaka Stock Exchange (DSE) on Monday.
The bank said that through the investment, the capital of the subsidiary company mCash will increase to Tk 5 billion.
According to Bangladesh Bank rules, 51 percent ownership of mobile banking services must remain with commercial banks.
Islami Bank said the foreign institution will be given ownership of a maximum of 48.99 percent of shares after it retains a 51 percent stake in ownership.
Accordingly, B100 Holdings LLC USA will be able to invest a total of nearly Tk 2.45 billion in foreign currency.
Islami Bank believes that this new investment will strengthen the scope and liquidity of the bank’s mobile banking service.
The bank has announced that it will accept the foreign investment after completing the necessary legal procedures, including those involving the board of directors and regulatory bodies of mCash.
Islami Bank launched the mCash service in December 2012 and ran the service directly using its own infrastructure until 2025.
In January this year, the bank turned mCash into a separate subsidiary. The paid-up capital of the institution with an authorised capital of Tk 10 billion is Tk 5 billion.
Now, it is giving away 48.99 percent of its shares for Tk 2.45 billion.
