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Trading halted for five Sharia banks in Bangladesh
Trading of shares of five Islamic banks has been suspended at both the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) as part of their ongoing merger process.
In separate notices issued on Thursday (6th November 2025), the two bourses announced that trading in the shares of First Security Islami Bank, Social Islami Bank (SIBL), EXIM Bank, Global Islami Bank, and Union Bank will remain suspended until further notice.
The suspension follows the banks being declared non-operational under Section 15 of the Bank Resolution Ordinance, 2025, which took effect on November 5.
According to the exchanges, Bangladesh Bank, in a letter issued on the same day, instructed that the five banks be brought under the provisions of the Bank Resolution Ordinance, 2025, and subsequently dissolved their respective boards of directors.
Bangladesh Bank Governor Dr Ahsan H Mansur said at a press conference on Wednesday that the shareholders’ equity value of these banks had fallen below zero, reports UNB.
“The value of their shares is effectively zero, and no compensation will be provided to anyone,” he stated.