, April 27 -- The administrators of five merged Islamic banks have sought a written and explicit directive from the Bangladesh Bank (BB) regarding the future of the merger process, following renewed instability among depositors.

The unrest stems from a perceived ambiguity in Section 18(a) of the recently enacted Bank Resolution Act, 2026.

The demand came during a meeting with the BB Governor Md Mostaqur Rahman on Sunday, when the administrators highlighted that many depositors are rushing to withdraw their funds - some even demanding only their principal amount without profits - fearing that previous owners might regain control of the banks.

Last year, Exim Bank, Social Islami Bank, First Security Islami Bank, Union Bank, and Global Is...