Bangladesh Bank has approved the launch of the Combined Islamic Bank PLC, formed through the merger of five struggling Islamic banks—First Security Islami Bank, Global Islami Bank, Social Islami Bank, EXIM Bank, and Union Bank. The new institution began operations on December 2, with its official inauguration scheduled for Thursday by Governor Dr. Ahsan H. Mansur. Depositors will be able to withdraw up to Tk 2 lakh starting Sunday, while a roadmap is being prepared for larger withdrawals. The bank’s paid-up capital has been set at Tk 35,000 crore, with the government contributing Tk 20,000 crore and depositors’ shares covering the remaining Tk 15,000 crore. The authorized capital stands at Tk 40,000 crore. Officials expect the merger to stabilize the Islamic banking sector and restore depositor confidence after months of financial uncertainty.