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Midland Bank Converts Banani Branch into Full-Fledged Islami Banking Branch

By Freedom251 Team · · 2 min read

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Midland Bank PLC announced on October 5, 2026, that it had converted its Banani Branch into a full-fledged Islami Banking Branch. The location is Nilufar Heights, B-52, first floor, Kamal Ataturk Avenue, Banani, Dhaka. The bank says it will serve individual and corporate customers with Shariah-compliant deposits, investments and other banking services, but its announcement does not identify specific products or their terms.

What changed at Midland Bank’s Banani branch

Managing Director Imtiaz U. Ahmed inaugurated the branch alongside members of Midland Bank’s Shariah Supervisory Committee, according to the bank’s October 5 announcement. Named attendees included committee chairman Dr. Mufti Muhammad Abu Sayeed Khan and members Dr. Abu Yousuf Md. Nesar Uddin and Dr. Muhammad Shahjahan Madani. Deputy managing directors Md. Zahid Hossain and Md. Nazmul Huda Sarkar were also named.

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The announcement describes the change as a conversion of the existing Banani Branch into a full-fledged Islami Banking Branch. It does not give a launch date for individual products, a customer-demand figure, account count, deposit total or measured impact. Midland Bank’s description of increasing demand is qualitative, not a published statistic.

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Where the branch is and how to check before visiting

The address given by Midland Bank is Nilufar Heights, B-52 (1st Floor), Kamal Ataturk Avenue, Banani, Dhaka. The bank’s branch directory lists the Banani location and contact and operating information. Because directory details may not yet reflect the new Islami service configuration, confirm current hours and the service you need with the bank before travelling.

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What services the announcement says it will offer

Midland Bank says the branch will provide Shariah-compliant deposits, investments and other modern banking services to individual and corporate customers. Its announcement does not name the available products, explain eligibility, publish minimum balances or investment amounts, state fees, or set out withdrawal and early-termination rules. It also does not provide a service-by-service list, so customers should ask the branch for current official product documents rather than assume a particular account or investment is available.

The bank’s exact description is: “The Banani Islami Banking Branch will provide a comprehensive suite of Shariah-compliant deposit, investment, and other modern banking services to both individual and corporate clients.” This is the bank’s characterization of its planned services, not an independently assessed product list.

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What the bank says about Shariah oversight

Midland Bank says its Islami Banking operations are guided by its Shariah Supervisory Committee and follow relevant Bangladesh Bank guidelines. That is the bank’s stated operating framework; the announcement is not an independent regulatory assessment or an audit of the Banani branch.

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For historical context, a 2023 Bangladesh Securities and Exchange Commission prospectus says Midland Bank obtained an Islamic Banking Window license from Bangladesh Bank on December 5, 2019, and launched its MDB Salaam platform on April 19, 2020. Those earlier milestones predate the Banani conversion and do not establish branch-specific approval or the current terms of any product.

Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.

BananiBangladesh bankingIslami bankingMidland Bank

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