Dhaka, Bangladesh (BBN) – Reconstituted board of directors of the Islami Bank Bangladesh Limited (IBBL) have accepted the resignation of Mohammad Abdul Mannan and taken responsibility as acting managing director (MD) to Mahbub ul Alam, DMD of the bank.
The board has also approved the name of Abdul Hamid Miah, managing director of the Union Bank Limited, as new MD of the IBBL, a senior official of the private commercial bank told BBN in Dhaka.
He also said Abdul Hamid Miah will take responsibility as new MD of the Shariah-based Islami Bank after receiving approval from the Bangladesh Bank (BB) and the Bangladesh Securities Exchange Commission (BSEC).
A major change was made in the top management of the country’s leading private commercial bank on Thursday at a board of directors meeting, held at a local hotel instead of its headquarters in the capital Dhaka.
At the meeting, the bank’s board of directors chairman Mustafa Anwar, its vice-chairman M Azizul Huq and MD Mohammad Abdul Mannan submitted their resignation letters for approval.
All resignation letters were accepted at the meeting and the reconstituted board took necessary measures in this connection.
However, M Azizul Huq, the first executive president of the IBBL, has also resigned from the post of independent director.
Former chairman of the Bangladesh Commerce Bank Limited Arastoo Khan was made the new chairman of the board of directors of the IBBL on the same meeting. He replaces Engr. Mustafa Anwar.
Mr. Khan, also a former secretary, resigned from the Bangladesh Commerce Bank Limited recently and joined the meeting of IBBL board of directors as a director on the day for the first time and was elected chairman.
At the same meeting, Yousif Abdullah Al Rajhi has been re-elected and Professor Syed Ahsanul Alam has been elected as vice-chairmen of the leading private commercial bank.
Besides, Executive Committee, Audit Committee and Risk Management Committee of the bank have been reformed with Major General (Retd.) Engr. Abdul Matin, Dr. Zillur Rahman and Abdul Mabud, PPM as Chairmen respectively, according to an IBBL announcement, issued on Thursday night.
The IBBL has been active in offering financial services to the doorstep of all classes of the society through it unique deposit products and diversified investment schemes since its inception on March 30, 1983, the banker noted.

BBN/SSR/AD