Islami Bank Inaugurates Rebranding Activities of mCash

Bangladesh Bank Governor Ahsan H Mansur addressing mcash-rebranding programme of Islami Bank as the chief guest on Sunday 11 Jan 2026.

Islami Bank Bangladesh PLC's mobile financial service 'mCash' has embarked on a new journey through rebranding. Dr. Ahsan H. Mansur, Governor of Bangladesh Bank, inaugurated the rebranding activities of ‘mCash’, the country's first Islamic mobile banking as the chief guest on Sunday, January 11, 2026, at the Pan Pacific Sonargaon Hotel in Dhaka. Professor Dr. M. Zubaidur Rahman, Chairman of the bank presided over the program while Arief Hossain Khan, Executive Director of Bangladesh Bank was present as a special guest. Md. Omar Faruk Khan, Managing Director of the bank addressed the welcome speech. Mohammad Khurshid Wahab, Chairman, Executive Committee, Md. Abdus Salam, FCA, FCS, Chairman, Audit Committee, Professor Dr. M. Masud Rahman, Chairman, Risk Management Committee, Md. Abdul Jalil, Independent Director of the Bank attended the program. Senior executives of the head offices of Bangladesh Bank and Islami Bank and all head of zones and branches of the bank were present at the time.

Dr. Ahsan H. Mansur, Governor of Bangladesh Bank in his speech of chief guest said that Islami

Bank has a strong customer base. More than 3 crore customers are connected with this bank.

mCash must be moved forward by utilizing Islami Bank’s large network of 400 branches, 271

sub-branches, and approximately 2,800 agent outlets. mCash should also be utilized in the

remittance flow of Islami Bank. mCash will play an important role in building a cashless society.

He said that to strengthen mCash, long-term plans must be adopted and customer trust must be

earned. Customers should be encouraged with incentives and cashback offers. Efforts should be

made to include the retail market and SME sector in transactions through QR codes by focusing

on them. Along with cash-in and cash-out, everyone should be encouraged toward digital

transactions. If digital transactions increase, corruption in the country will decrease, revenue will

increase by BDT 200,000 crore and the economy will thrive. He said, "We want the Mobile

Financial Services market not to remain monopoly but to expand further. This is convenient for

the country's economy and the customers." He wished success for the re-branding of mCash.

Professor Dr. M. Zubaidur Rahman, Chairman of the bank said that with 30 million customers,

Islami Bank's mCash will surpass competitors. He called upon everyone to encourage mCash

transactions. He thanked the Honorable Governor for his presence at the rebranding of mCash.

Advantages of mCash: With the combination of technology and modern banking, ‘mCash’ has

made the daily transactions of common people safe, fast, and easy. Send money from mCash to

mCash is charge free and the cash-out charge is only 13.90 TK per thousand. In case of withdrawal from any branch, sub-branch, and ATM of Islami Bank, the cash-out charge is only 7

TK per thousand. Remittance money from abroad can be sent directly to mCash, which is

deposited instantly. The cash-out charge for remittance is only 7 TK per thousand. Add money

can be done from any Visa/Mastercard at a cost of only 5 TK per thousand. Various bills

including electricity, gas, water bills and rapid pass refills of Metro Rail can be done through

mCash. Various allowances of the Department of Social Services such as old age allowance,

disability allowance, education stipend, and widow allowance can be received through mCash. A

good number of organizations are now providing the salaries of their staff directly through

mCash. Customers can deposit and withdraw money 24 hours a day from mCash agent points

spread across the country, all branches, sub-branches, and agent banking outlets of Islami Bank

and the bank's own ATM and CRM booths. – Press release