Dhaka, April 1 -- Islami Bank Bangladesh PLC (IBB) has demanded the immediate recovery of approximately Tk 10,000 crore stuck with five other Shariah-based banks linked with S Alam Group.

The country's largest private lender has also sought the central bank's mediation to recover outstanding funds from the state-owned Janata Bank and S. Alam Group.

The issues were raised by Islami Bank Chairman Professor M. Zubaidur Rahman during a high-level meeting with Bangladesh Bank Governor Mostaqur Rahman at the central bank headquarters on Tuesday. The Islami Bank's board members, managing director, and senior officials were present at the meeting.

According to meeting sources, the Chairman informed the Governor that a substantial amount of the...