The central bank warned that Islamic banks must not be involved in terror financing, money laundering or any other illegal activities that damage their image. There are allegations that Islamic banks have been involved in unexpected activities, such as terror financing and money laundering, Bangladesh Bank said in a statement.
However, Islamic banking showed resilience while some conventional banks caved in during the recent global financial crisis, the statement quoted Bangladesh Bank Governor Atiur Rahman as saying……………………………………….Full Article: Source