First Security Islami Bank

First Security Islami Bank PLC. is a public limited bank in Bangladesh which was founded on 29 August 1999 and provides sharia-compliant banking. Mohammed Saiful Alam, chairman of S. Alam Group of Industries, was the chairman of First Security Islami Bank Limited. The bank experienced a cash crunch in 2022 after approving large unsecured loans. The Bangladesh Bank on September 1, 2024, dissolved the board of First Security Islami Bank PLC, which was under the control of controversial S Alam Group, and appointed independent directors to the bank board.