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Corporate-governance

High court orders freeze on 81.92% shares of Islami Bank held by S.Alam
High court orders freeze on 81.92% shares of Islami Bank held by S.Alam
The High Court has ordered a three month freeze on 81.92% of the shares in Islami Bank held in the names of various companies affiliated with S.Alam Group. The High Court bench led by Justice KM Kamrul Kader issued the order on August 30 following a writ petition filed by Islamic Economics Research Bureau (IERB), a sponsor shareholder company of Islami Bank Bangladesh PLC. The court also issued a rule in the matter. The court asked why Bangladesh Bank’s inaction in allowing 81.92% of Isl...
Money•04 September 2026