Business & Economy
Islamic banking jobs fall 6% as standalone lenders lose deposits
Bangladesh’s Islamic banking workforce fell 6% to 44,782 in the year to August. Overall Islamic deposits grew 2.78%, but deposits at standalone Islamic banks fell 1.69%. Conventional banks’ Islamic branches and windows recorded strong growth, showing sharply different results within the same sector.
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From 22 October 2026 — Daily Brief
22 OCT 2026 · 13/25
Bangladesh’s Islamic banking workforce fell by 6 per cent in the year to August, while deposit growth increasingly came from the Islamic branches and windows of conventional banks, according to newly reported central-bank figures.
Employment stood at 44,782, down from 47,641 a year earlier. Bangladesh Bank’s monthly report linked the decline to greater automation and management problems at some lenders. Conventional banks were expanding their Islamic operations even as standalone institutions faced pressure.
Deposits across the Islamic banking system totalled Tk475,123 crore in August, an annual increase of 2.78 per cent. That overall rise concealed a different result at the 10 full-fledged Islamic banks: their deposits fell 1.69 per cent to Tk392,050 crore.
Meanwhile, deposits at conventional banks’ Islamic branches rose 32.53 per cent, and those at Islamic windows increased 28.13 per cent. The figures describe different parts of the same market; they do not mean every Islamic lender experienced a decline.
The central bank said stronger governance, compliance and professional expertise were needed. Its spokesperson said steps were being taken to rebuild confidence following the combination of five troubled institutions into Sammilito Islami Bank.