Sammilito Islami Bank: Principal withdrawal from Sept 1

Sammilito Islami Bank will allow individual depositors to withdraw their principal amounts from certain deposit accounts as needed from September 1, Bangladesh Bank Governor Md Mostaqur Rahman instructed the bank’s top officials yesterday.

He gave the instruction when Kazi Shairul Hasan, chairman, and Abedur Rahman Sikder, managing director of the bank, met him at the central bank, according to a press release.

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He also asked the bank to inform depositors that there will be no haircut on their profits, as confusion over the issue persists despite the finance minister’s announcement in parliament. Depositors are already being refunded under the scheme announced on December 29, 2025, the press release said.

From September 1, depositors can withdraw principal amounts from Al-Wadiyah current accounts, Mudaraba savings accounts, and Mudaraba term deposits as needed, beyond the limits set under existing instructions.

The governor also instructed the bank, which started operations with Tk 35,000 crore in capital as the country’s largest and only state-owned Islamic bank, to resume all normal banking operations as soon as possible.

Deputy Governors Md Habibur Rahman, Md Kabir Ahmed, Md Sarwar Hossain and Md Anisur Rahman were also present at the meeting.