Shahjalal Islami Bank director to transfer shares to LankaBangla Finance
the approval was granted under Regulation 47(1)(d) of the Dhaka Stock Exchange (Listing) Regulations, 2015, and other applicable laws, allowing the share transfer “other than by way of gift”
The Dhaka Stock Exchange (DSE) has approved the transfer of 30.62 lakh shares of Shahjalal Islami Bank PLC's sponsor director Anwer Hossain Khan to LankaBangla Finance PLC, following a loan default.
According to a disclosure posted on the DSE website, the approval was granted under Regulation 47(1)(d) of the Dhaka Stock Exchange (Listing) Regulations, 2015, and other applicable laws, allowing the share transfer "other than by way of gift." The transfer must be completed within 30 working days, effective from 12 October 2025.
Under this regulation, share transfers are allowed in cases of confiscation or loan default.
Based on today's closing price of Tk16.10 per share, the market value of the transferred shares amounts to Tk5 crore.
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As of August 2025, Anwer Hossain Khan held 3.32 crore shares, representing 2.99% of Shahjalal Islami Bank's total shares. He is one of the bank's founding sponsors and its former chairman. Outside the banking sector, he serves as the chairman and managing director of Anwer Khan Modern Medical College & Hospital Limited.
A senior official of Shahjalal Islami Bank, speaking on condition of anonymity, told TBS that Anwer resigned from the bank's board last month after some of his business entities defaulted on loans. His name has been excluded from the list of the board of directors on the bank's website.
"Once the loans went into default, he was no longer eligible to continue as a director under the existing banking regulations," the official added.
Under the DSE's listing rules, such share transfers are permissible in cases of loan default or confiscation. A DSE official confirmed that LankaBangla Finance, as a lender, applied for the transfer of the mortgaged shares after Anwer's firms failed to meet their repayment obligations.
"Following due process and submission of relevant documents, the DSE approved the transfer request," the official said, declining to disclose the exact amount of the defaulted loans.
