Dhaka, June 20 -- Abdul Aziz, a middle-aged migrant worker who recently returned from Saudi Arabia, visited the Tangail branch of First Security Islami Bank (FSIB) to withdraw Tk 100,000 for his daughter's wedding, but the bank provided him with only Tk 25,000.
Aziz, a resident of Ghatail Upazila in Tangail, informed the bank officer of his urgent need. Despite his plea, he was given just a quarter of the amount, citing a cash crisis at the bank.
Talking to UNB over the phone, Aziz expressed concern but remained hopeful that the ongoing merger of five Islamic banks, including FSIB, would ease the current liquidity crunch.
Similar incidents have reportedly occurred at the Tangail branches of Union Bank, EXIM Bank and other struggling Isla...