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June 10, 2026

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First Security Islami Bank

No protection for shareholders in merger: BB
No protection for shareholders in merger: BB

It hints government may consider compensation for small investors

Mega merger of 5 Shariah banks faces legal, political hurdles
Mega merger of 5 Shariah banks faces legal, political hurdles

Legal hurdles, investor concerns, and looming elections threaten to derail the process

ACC sues S Alam's sons over ‘forged’ pay orders
ACC sues S Alam's sons over ‘forged’ pay orders

A fomer deputy tax commissioner and seven officials of First Security Islami Bank have been implicated in the same case

ACC to file tax evasion case against 2 of S Alam’s sons
ACC to file tax evasion case against 2 of S Alam’s sons

A former deputy tax commissioner and seven officials associated with First Security Islami Bank Ltd are among the other defendants

First Security Islami Bank agrees to merger
First Security Islami Bank agrees to merger

The bank’s board told the governor they support Bangladesh Bank’s consolidation initiative, pledging capital support of Tk 350 billion

First Security Bank fraud: Sikder family, S Alam face embezzlement charges
First Security Bank fraud: Sikder family, S Alam face embezzlement charges

The anti-graft watchdog is preparing to bring charges against 26 individuals in the high-profile embezzlement case

BB to print Tk 25bn to support two banks
BB to print Tk 25bn to support two banks

The central bank provided direct liquidity support of Tk 15 billion to Social Islami Bank and Tk 10 billion to First Security Islami Bank, a spokesman says

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Editor-in-Chief and Publisher: Toufique Imrose Khalidi
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