, Jan. 10 -- Bangladesh Bank Governor Dr. Ahsan Mansur has issued a stern warning that the "culture of looting" within the nation's banking sector will never be allowed to return.

He emphasized that achieving a transparent financial system requires the essential cooperation of all stakeholders.

The Governor made these remarks while speaking as the chief guest in the closing session of the International Islamic Finance and Banking Conference held at the Nawab Nawab Ali Chowdhury Senate Bhaban in the University of Dhaka, on Saturday.

Dr. Mansur noted that Islamic, or Shariah-based banks have historically been competitive, offering attractive profits to depositors.

However, he pointed out that significant sums were looted from this secto...