Islami Bank Bangladesh has temporarily suspended plans to include US investors in mCash Limited, a subsidiary formed to operate mobile financial services (MFS).
The bank announced this information in a notification published on the website of the Dhaka Stock Exchange (DSE) on Sunday (March 15).
The notification said that the bank's board of directors has reviewed the proposal to include US company B100 Holdings LLC as a strategic equity investor in mCash Limited.
It has been decided to postpone the decision until the necessary due diligence is completed and the process of obtaining approval from the regulatory body is completed.
Earlier, on March 9, the bank had announced that as part of the proposed agreement, the paid-up capital of mCash Limited will be increased to Tk500 crore in stages.
According to the plan, Islami Bank will retain at least 51% of the shares in that capital structure and B100 Holdings LLC will take the remaining 49% through subscription.
Meanwhile, the bank's financial performance has also seen some pressure. In the first nine months of 2025, Islami Bank's net profit was Tk99.77 crore, which was Tk267.71 crore in the same period of the previous year.
After this announcement, the bank's share price fell in the stock market. At the end of Sunday, the share price of Islami Bank fell by 2.7% to Tk42.30.
