Dhaka, Nov. 6 -- Bangladesh Bank has said that under the Bank Resolution Ordinance 2025, there is currently no scope to consider the protection of investors' or shareholders' interests in the ongoing merger of five Shariah-based banks.

In a statement issued on Thursday night, the central bank clarified that the ordinance does not provide any provision to safeguard general investors or shareholders during the merger process.

However, the government may consider compensating small investors to protect their interests.

The merger of the five Islamic banks - First Security Islami Bank, Global Islami Bank, Union Bank, EXIM Bank, and Social Islami Bank - has sparked widespread debate and concern among stock market investors.

Earlier, Bangla...