Shariah-based Islami banks saw the deposit rate increased by 12.61 per cent or Tk 41,241 crore in the January-June period of 2021
As per Bangladesh Bank data, the total deposits in the Islamic banks increased to Tk 3,27,943 crore at the end of June 2021 from Tk 2,94,094 crore six months ago.
Moreover, excess liquidity in the Shariah-based banks increased to Tk 36,365 crore as of June 2021 from Tk 29,317.5 crore six months ago.
Full-fledged Islamic banks were holding Tk 3,47,014 crore in deposits, traditional banks operating Islamic banking windows Tk 10,679 crore and traditional banks operating Islamic banking branches Tk 10,470 crore in deposits as of June.
BB officials said that the demand for Shariah-based banking products is on the rise and it is very much essential for a sustainable growth of the Islamic banking sector.
Of the banks having Shariah-based operations, Islami Bank Bangladesh is holding the highest 34.3 per cent market share in terms of deposit.
Source: New Age