, Dec. 30 -- Bangladesh Bank has finalised the scheme to merge five troubled Shariah-based banks into a single entity named 'Sammilito Islami Bank PLC'.

This newly formed bank will acquire First Security Islami Bank, Social Islami Bank, Union Bank, Global Islami Bank, and EXIM Bank.

The central bank released the detailed resolution scheme on Tuesday, outlining a unique capital structure and a plan for depositor repayment.

The policy sets the authorized capital of the new bank at Tk40,000 crore, with a paid-up capital of Tk35,000 crore. The capital will be divided into three classes of shareholders:

Class A Shareholders: The government has provided Tk20,000 crore as capital, making it the primary shareholder.

Class B Shareholders: Tk7...