Economic Reporter :Alhajj Abdus Samad (Labu) has been elected as the Chairman of Al-Arafah Islami Bank Limited (AIBL). The 291st meeting of the Board of Directors elected him as the Chairman unanimously on Wednesday. According to the decision of the meeting Chairman Abdus Samad will continue his responsibilities for the period until the next Annual General Meeting (AGM) of the Bank is held.Alhajj Abdus Samad Labu is one of the founder directors of Al-Arafah Islami Bank Ltd. He is the Vice Chairman of S. Alam Group,. He is the chairman of S. Alam Cold Rolld Steels Ltd. Samad is also the founder director of Northern General Insurance Ltd. and Reliance Finance Investments Ltd. He also is the Vice Chairman of Ekushey Television (ETV). Abdus Samad is involved in many social welfare and philanthrophic activities. He is an executive member of Baitus Saraf Foundation and Chittagong Samity Dhaka.
