Bangladesh Bank has appointed observers to Islami Bank Bangladesh Limited (IBBL) and First Security Islami Bank Limited (FSIBL).
The central bank took the decision on Monday amid reports of irregularities in disbursing loans, according to bdnews24.com.
Central bank spokesperson Mezbaul Haque said on Monday its directors Abul Kalam Azad and Motasem Billah will work as observers at IBBL and FSIBL respectively.
The observers will attend meetings of the Shariah-based banks’ boards of directors and executive and audit committees and report to the central bank.
