Meanwhile, Bangladesh Bank provided Islami Bank with a special loan of Tk 25 billion on Sunday to ease its liquidity crisis. The funds were credited to the bank’s current account with the central bank, allowing its cheque-clearing operations to return to normal, according to sources at both institutions.

Speaking to reporters after an emergency meeting with Bangladesh Bank, Acting Managing Director Altaf Hossain said customers’ difficulties in withdrawing funds would soon ease. He said discussions focused on the bank’s liquidity situation, fund management, and financial planning for the coming days.

All five directors, including the chairman, had been appointed by Bangladesh Bank as independent directors. On 24 May, former chairman M Jubayedur Rahman resigned, and later that day former Bangladesh Bank deputy governor Md Khurshid Alam was appointed as an independent director and chairman. His appointment subsequently became the subject of controversy.

Since then, a group of customers under the banner of the Socheton Grahok Forum (Conscious Customers Forum) has been staging protests, demanding the removal of the newly appointed chairman and pressing a seven-point charter of demands. The issue also sparked heated exchanges between government and opposition lawmakers in Parliament.