B Mirror Report: Islami Bank Bangladesh PLC has introduced a special initiative allowing customers to reactivate closed or prematurely withdrawn term and savings-based deposit accounts in an effort to restore depositor confidence following recent uncertainties surrounding the bank.

According to an internal directive issued on Monday, customers who reactivate their accounts within the next seven working days will be able to enjoy all previous benefits, including the original profit rates and other terms and conditions, without any changes.

The bank said many customers had withdrawn cash and closed accounts under several Mudaraba-based deposit schemes amid recent concerns and uncertainty. These include the Mudaraba Term Deposit Receipt (MTDR), Mudaraba Monthly Profit Deposit Scheme (MMPDS), Mudaraba Special Savings Scheme (MSS), and Mudaraba Savings Bond (MSB).

Under the directive, customers who closed or broke these accounts between June 1 and June 15, 2026, will be eligible to reopen them upon application. The reactivated accounts will retain the profit rates and other benefits that were applicable when the accounts were originally opened.

Islami Bank has instructed all its zones, branches and sub-branches to take the necessary steps to implement the initiative. The bank has also directed its offices to prepare lists of closed accounts and contact affected customers through mobile phones and their registered addresses.

Bank officials believe that recent uncertainties prompted some depositors to withdraw their funds. They expect the account reactivation programme to help rebuild customer confidence and increase deposit inflows.

The initiative comes in the wake of unrest at several branches following the recent appointment of the bank’s chairman, which reportedly triggered significant deposit withdrawals over several working days. According to sources, the special measure aims to encourage customers to return to the bank and redeposit withdrawn funds.