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Islamic deposits rise in conventional banks

Published : Wednesday, 21 October, 2026 at 8:17 AM

Observer Online Report

Collected Photo

Islamic banking deposits in Bangladesh rose 2.78% year-on-year to Tk 4.75 lakh crore in August 2026, as conventional banks’ Islamic branches and windows recorded strong growth despite a decline in deposits at full-fledged Islamic banks, according to Bangladesh Bank’s latest Islamic Banking and Finance Statistics report.

Deposits in Islamic branches of conventional banks surged 32.53% to Tk 51,660 crore, up from Tk 38,981 crore a year earlier. Meanwhile, deposits in Islamic windows increased 28.13% to Tk 31,411 crore.

In contrast, deposits at the country’s 10 full-fledged Islamic banks fell 1.69% to Tk 3.92 lakh crore from Tk 3.99 lakh crore in August 2025. However, these banks recorded a monthly increase of 0.90% in deposits compared with July.

Islamic banking accounted for 20.76% of total deposits in Bangladesh’s banking sector, while conventional banks held the remaining 79.24%, according to the central bank’s report.

Bangladesh currently has 10 full-fledged Islamic banks, while 17 conventional banks operate Islamic branches and 21 offer Shariah-compliant services through Islamic windows.

-AH

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Editor : Iqbal Sobhan Chowdhury

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