More than Tk 15,000 crore in bank and non-bank financial institution funds was reportedly tied up in five Shariah-based banks brought together as Sammilito Islami Bank PLC. This report examines publicly reported institutional exposures, including those of listed oil companies, insurers, utilities and other major institutions. It assesses the implications for liquidity, credit impairment, earnings quality, valuation and institutional risk management, while distinguishing historical disclosures from verified current balances. The analysis highlights the importance of matched-date disclosures, recovery transparency and careful assessment of potential financial transmission risks.
Five Merged Islamic Banks
Institutional funds, trapped deposits and financial transmission risks
EMPIRE CAPITAL RESEARCH | Evidence edition | 23 October 2026
Prepared for analysts, portfolio managers, bank and insurance researchers, institutional investors and policymakers.
Executive assessment
More than Tk 15,000 crore of bank and non-bank financial institution funds were reportedly tied up in five Shariah-based banks brought together as Sammilito Islami Bank PLC, according to The Daily Star on 3 May 2026. Around Tk 10,000 crore was attributed to Islami Bank Bangladesh (IBBL). This is a reported system-wide exposure figure, not a verified current bank-by-bank claims register. Deposits of corporates, insurers and public institutions also matter, but their balances are not necessarily additive to the bank/NBFI…
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