Islamic banking sheds 2,755 jobs in a year
Bangladesh, Sept. 25 -- The country's Islamic banking operations shed 2,755 employees in a year, with total manpower falling 6.0 per cent to 44,765 in July 2026 from 47,520 a year earlier, according to Bangladesh Bank (BB) data.
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The sector's manpower also declined by 460 in a month, from 45,225 in June 2026, registering a month-on-month fall of 1.02 per cent.
The decline comes amid bank mergers, increasing automation, sluggish business activity and pressure on profitability, bankers and economists said.
Manpower in Islamic banking operations has maintained a declining trend since November 2023, with the reduction becoming more pronounced amid restructuring in the banking sector and changes in the way banks deliver their ...
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