Sammilito Islami Bank

Sammilito Islami Bank is a state-owned commercial bank in Bangladesh. The bank was created through the merger of five troubled Islamic banks. On November 9 2025, Bangladesh Bank issued a letter of intent and a no objection certificate for establishing Sammilito Islami Bank. Former senior secretary Mohammad Ayub Mia has been appointed as founder chairman of this Bank.

Formation

With the decision of the Government, five existing banks being merged are First Security Islami Bank, Global Islami Bank, Social Islami Bank, EXIM Bank, and Union Bank. Bangladesh bank revealed that the new entity will have a total Paid-Up Capital of Tk 35,000 crore-Tk 20,000 crore contributed by the government and Tk 15,000 crore from depositors' shares. The initially authorized capital is set at Tk 40,000 crore.