Bangladesh Bank has confirmed that the newly appointed Chairman of Islami Bank Bangladesh PLC, Md. Khorshid Alam will not be removed from his post despite ongoing street protests demanding his resignation.

The announcement came on Monday from central bank spokesperson Arief Hossain Khan, following violent clashes outside the Islami Bank headquarters in Motijheel earlier in the day.

A group of demonstrators, rallying under the banner of the "Islami Bank Customers' Forum," staged a protest in front of the head office on Monday morning to demand the cancellation of Khorshid Alam’s appointment. The situation escalated when police used batons, water cannons, tear gas, and sound grenades to disperse the crowd.

Responding to the demonstrations, central bank spokesperson Arief Hossain Khan stated that the regulatory appointment has no connection to the street agitation.

"The movement has no link to the appointment. If Bangladesh Bank alters a decision today because of a protest, and then a counter-group launches an agitation opposing that new decision, what will the central bank do? Bangladesh Bank will move at its own pace based on its independent procedures. There is no possibility of changing the central bank’s decision due to street demonstrations," Khan told UNB.

Bangladesh Bank appointed Md. Khorshid Alam, a former deputy governor of the central bank, as the chairman of Islami Bank on the night of May 24.

The appointment followed the sudden resignation earlier that day of M Zubaidur Rahman, who had been appointed as chairman during the interim government's tenure. Rahman resigned after facing intense pressure and demonstrations from individuals identifying themselves as bank officials and customers. Sources added that the Managing Director (MD) of the bank is also currently on extended leave.

Meanwhile, Bangladesh Jamaat-e-Islami strongly condemned the police action against the demonstrating customers outside the bank's headquarters.

In a statement issued on Monday, Jamaat-e-Islami Secretary General Mia Golam Porwar said that ordinary account holders were conducting a peaceful sit-in program under the "Islami Bank Customers' Forum" banner when police initiated an unprovoked baton charge and used tear
gas and water cannons.

Denouncing the use of force, Porwar expressed his full solidarity with the customers, describing their demands as logical and just.