B Mirror Report: Islamic Bank Bangladesh Limited is set to receive a strategic foreign investment of about Tk 245 crore in its mobile financial service (MFS) subsidiary ‘M-Cash’ to expand its digital finance operations. The investment will come from a US-based company.
The bank informed investors about the development on Monday through the Dhaka Stock Exchange (DSE).
The US investment firm B100 Holdings LLC will provide the funds, following approval from the bank’s board of directors on Sunday.
With this investment, the capital of M-Cash will increase to Tk 500 crore. According to Bangladesh Bank regulations, a commercial bank must retain at least 51 percent ownership in mobile banking ventures. Islamic Bank will keep this portion, while the foreign investor will acquire up to 48.99 percent ownership, equivalent to Tk 244.95 crore.
Islamic Bank said the new investment will strengthen M-Cash’s capital base and liquidity, enhancing the reach and efficiency of its mobile banking services. The bank added that the investment will proceed after approval from the subsidiary’s board, regulatory authorities, and completion of legal procedures.
Islamic Bank first launched M-Cash in December 2012, providing mobile banking services directly through its own infrastructure until 2025. In January 2026, the bank set up a separate subsidiary to manage M-Cash operations.
The subsidiary has an authorized capital of Tk 1,000 crore and a paid-up capital of Tk 50 crore. Under the new deal, the foreign investor will acquire 48.99 percent of the shares, corresponding to an investment of Tk 245 crore.
