Islamic Banks’ Market Share Remains Above 27% in Bangladesh for January to June 2021

Shariah-based banks’ market share remained above 27% for the January to June 2021 period with deposits in them rising 12.61% or by BDT 41,241 crore.

Why it Matters?

33 out of the 60 scheduled banks in Bangladesh offer Islamic banking services. According to data from Bangladesh Bank (BB), total deposits in Islamic banks was up to BDT 3,27,943 crore as of end-June.

Details

Of the 33 banks that offer Islamic banking services, 10 are full-fledged Shariah banks, 14 are conventional banks that operate Islamic banking windows and 9 are conventional banks that operate Islamic banking branches. As of June 2021, full-fledged Islamic banks held BDT 3,47,014 crore in deposits, while traditional banks operating Islamic...