, April 30 -- The Association of Retired Islami Bankers (ARIB) has expressed deep concern over the state of the country's banking sector, particularly the "unprecedented scam" and governance crisis within Shariah-based banks during the previous regime.

In a recent executive committee meeting chaired by ARIB President Nurul Islam Khalifa, the association called upon the interim government and the central bank to take immediate steps to restore public trust and ensure transparency in the sector.

The association noted that Islami Bank Bangladesh PLC (IBBL), once the only Bangladeshi bank among the world's top 1,000, was pushed to the brink of collapse through state-sponsored looting under the past "fascist" administration. They alleged tha...