Dhaka, Bangladesh (BBN) – A major change has been made in the top management of the country’s leading Shariah-based Islami Bank Bangladesh Limited (IBBL), officials of the bank said.
Former chairman of the Bangladesh Commerce Bank Limited Arastoo Khan has been made the new chairman of the board of directors of the IBBL. He replaces Engr. Mustafa Anwar.
The decision was taken at a meeting of the board of directors of the IBBL, held at a city hotel on Thursday, they added.
Mr. Khan, also a former secretary, resigned from the Bangladesh Commerce Bank Limited recently and joined the meeting of IBBL board of directors 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.
Earlier, the bank’s board of directors chairman Mustafa Anwar, its vice-chairman M Azizul Huq and managing director (MD) Mohammad Abdul Mannan resigned from their posts, according to sources.
The meeting also approved the name of Abdul Hamid Miah, managing director of the Union Bank Limited, as new MD of the IBBL, the sources added.