Bangladesh Bank has reversed its earlier decision and approved profit payments for depositors of five merged Islamic banks, following public criticism and protests that forced temporary branch closures in parts

Sammilito Islami Bank, the newly formed entity resulting from the merger of five Islamic banks—Exim Bank, First Security Islami Bank (FSIBL), Social Islami Bank (SIBL), Union Bank, and Global Islami

The grand merger of five struggling Shariah-based banks into the state-owned Sammilito Islami Bank PLC has so far failed to resolve the liquidity crisis, leaving thousands of depositors unable to

Bangladesh Bank has officially listed the newly-formed Sammilito Islami Bank PLC as a scheduled bank.

Bangladesh Bank Governor Dr. Ahsan H. Mansur announced today (November 29) that a new commercial bank, formed through the merger of five Shariah-based banks, is set to be officially launched

The Bangladesh Bank (BB) has initiated a major overhaul of the country's troubled Islamic banking sector by merging five failed lenders—First Security Islami Bank, Union Bank, Global Islami Bank, Social