Islami Bank delays US investor’s entry into mCash subsidiary

Islami Bank has decided to postpone its earlier plan to onboard B100 Holdings LLC, USA, as a strategic investor in mCash Ltd, a subsidiary formed to operate mobile financial services.

The Shariah-based bank disclosed the decision today on the Dhaka Stock Exchange (DSE) website.

It said the board reviewed the progress of the proposed strategic investment involving the onboarding of B100 Holdings LLC, USA, as a strategic equity investor in mCash Ltd.

“After due deliberation, the board has decided to postpone the earlier decision regarding the proposed onboarding of B100 Holdings LLC as a strategic equity investor in mCash Ltd to complete the necessary due diligence and obtain regulatory clearance.”

Earlier, on March 9, the company announced that the paid-up capital of mCash Ltd would be increased in phases up to Tk 500 crore as part of the agreement.

Under the proposed capital structure, Islami Bank will retain a minimum 51 percent equity participation, while B100 Holdings LLC will hold up to 49 percent through the subscription of shares.

The bank’s profit fell to Tk 99.77 crore in the first nine months of 2025, down from Tk 267.71 crore in the same period of 2024.

Shares of the bank dropped 2.7 percent to Tk 42.3 today at the Dhaka bourse