The central bank has initiated a move to eliminate the 'haircut' applied to deposits at five merged Islamic banks. Under this new directive, depositors will be entitled to receive profits based on their original contractual rates for the years 2024 and 2025.
Economy
Central bank moves to scrap 'haircut' on deposits at five merged Islamic banks
Bangladesh Bank has decided to waive the 'haircut' on deposits for five merged Islamic banks, ensuring depositors receive profits at original contractual rates for 2024 and 2025.
Source: The Business Standard