In a decisive move to strengthen governance, transparency, and professional standards within the insurance sector, the Insurance Development and Regulatory Authority (IDRA) of Bangladesh has introduced a new regulatory framework for the appointment of insurance company advisors. The directive was officially published in an additional issue of the Bangladesh Gazette on Wednesday, 21 January, although […]

Al-Arafah Islami Bank Limited (AIBL) has announced that all its banking operations will be temporarily suspended from 30 January to 7 February 2026, a period spanning nine days. The bank has cited a major core banking system (CBS) upgrade as the reason for this temporary closure, aimed at enhancing digital security and delivering more efficient, […]

Zenith Islami Life Insurance PLC has once again demonstrated its commitment to policyholders by swiftly settling a death claim for one of its clients, Mr. Jalal. The policyholder’s widow and nominee, Mrs. Shikha, received a cheque for BDT 970,400 in a formal handover ceremony held at the company’s Dhaka headquarters on Sunday. The event was […]

Madhumati Bank PLC has taken a further step towards consolidating its institutional capacity in Shariah-compliant finance by organising a full-day professional training workshop on Islamic banking. Titled “Fundamentals, Operations and Investment Methods of Islamic Banking”, the workshop was held on Saturday at the bank’s head office in Gulshan, Dhaka. The initiative was designed to enhance […]

Dhaka Bank PLC has officially partnered with the Bangladesh Investment Development Authority (BIIDA) to integrate its banking services into BIIDA’s “One-Stop Service (OSS)” portal, following the signing of a strategic Memorandum of Understanding (MoU). The agreement, formalised on 19 January 2025 at BIIDA’s conference hall in Agargaon, Dhaka, represents a pivotal step in streamlining investment […]

The Insurance Development and Regulatory Authority (IDRA) has issued a pivotal directive clarifying that losses arising from “public strikes” or mass civil sit-ins will not be covered under non-life insurance policies. The instruction was formally communicated to the state-owned Sadharan Reinsurance Corporation (SRC) on 4 January 2026. SRC, the country’s sole reinsurance entity, had previously […]

Former officials and employees of state-owned and private banks in Chittagong staged a peaceful demonstration on Sunday, demanding justice, reinstatement, and structural reforms within the banking sector. The programme was held outside a prominent city hotel and drew over a hundred participants from Chittagong and neighbouring districts. According to the organisers, the primary objective of […]