B Mirror Report :Â Bangladesh Bank (BB) has decided on the profit distribution policy of Sammilito Islami Bank, permitting only individual depositors to receive a 4 percent return on their deposits for the years 2024 and 2025.
According to a circular issued by BB on Wednesday, profits on individual (non-institutional) term deposits and scheme-based deposits from January 1, 2024, to December 28, 2025, will be paid at the Bank Rate of 4 percent per year.
The central bank explained that this decision updates its earlier directive that had suspended profit payments on deposits during the same period. The regulator said the move was taken to reduce difficulties faced by depositors while also safeguarding the long-term financial stability of Sammilito Islami Bank.
Previously, Bangladesh Bank approved the Bank Resolution Scheme 2025 for the newly established Sammilito Islami Bank PLC, which was formed through the merger of five financially troubled Shariah-compliant banks. The scheme sets out defined measures and timelines for returning depositors’ funds as part of the resolution process.
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