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Acting Managing Director Md Altaf Hossain confirmed to The Daily Star that Islami Bank was struggling with withdrawals, noting that the ongoing instability has prompted many customers to withdraw their deposits.

The central bank announced Khurshid’s appointment as chairman on May 24.

On June 1, the first working day after the Eid holidays, hundreds of people gathered in Dhaka’s Motijheel, demanding that Bangladesh Bank cancel his appointment and reinstate former Islami Bank Managing Director Omar Faruk Khan.

Islami Bank’s new chairman, Khurshid, was among the four senior Bangladesh Bank officials who resigned amid protests by central bank employees shortly after the fall of the Awami League government on August 5, 2024.