BB to dissolve Islami Bank board, take over shares of S Alam Group

Bangladesh Bank (BB) will dissolve the board of Islami Bank within a couple of days and form a new board, according to BB Governor Ahsan H Mansur. The central bank will also take over all shares of the S Alam Group against its liabilities, though the group may get the shares back if it repays the money. This move comes amid unrest at the Shariah-based bank, which was taken over by the S Alam Group in 2017 with alleged political patronage. Daily Star