S-Alam-Group

Mohammed Saiful Alam—better known as the controversial Bangladeshi businessman S Alam—is facing mounting international pressure. Authorities in Bangladesh, Singapore, and Cyprus are continuing investigations into allegations of large-scale money laundering and illegal asset transfers against him.Sev...

After independence, establishing the concept of Islamic banking in the country's banking history was a huge challenge. Against that backdrop, through the innovative strategies and relentless efforts of domestic and foreign entrepreneurs, Islami Bank commenced its journey in 1983. Since then, the ban...

A large-scale embezzlement of depositors’ funds under the guise of loans at the listed Islami Bank has come to light. According to audit report findings, a significant portion of loans disbursed through a syndicate linked to the S Alam Group has now turned into classified loans. As a result, loa...

A court in Cyprus has ordered the freezing of a property owned by Mohammed Saiful Alam, chairman of the Bangladeshi conglomerate S. Alam Group, and his wife. The order was issued at the request of Bangladeshi authorities as part of an ongoing investigation into bank fraud and money laundering.The ne...