, Dec. 7 -- Depositors of the five Islamic banks undergoing the merger process are set to get their money back, with the refund process expected to start as early as this week, according to Bangladesh Bank (BB) sources.

An assistant director conditioning anonymity told UNB on Sunday that under the management of the Bangladesh Bank's Deposit Insurance Fund, each eligible depositor will initially receive up to Tk2 lakh per bank account.

The five troubled-Shariah banks are First Security Islami Bank, Global Islami Bank, Social Islami Bank, Exim Bank, and Union Bank.

These banks are being acquired by the newly formed 'Sammilito Islami Bank PLC,' which has already started operation.

Bangladesh Bank is currently finalizing a scheme detailin...