Kamruzzaman Bablu :
Islami Bank Bangladesh Limited (IBBL), the largest Shariah-based bank in Bangladesh, has brought massive changes in its three top management posts on Thursday.
The reshuffling was made in the meeting of the bank’s Board of Directors held at its head office in the capital.
The bank’s board elected Arastoo Khan, an ex-bureaucrat who was chairman of Commerce Bank, as new Chairman of IBBL replacing incumbent Mustafa Anowar.
Khan earlier resigned from the Commerce Bank to join the Bank. He became bank’s one of the directors on behalf of Armada Spinning Mills.
As a representative of Ibn Sina run by Bangladesh Jamaat-e-Islami leaders, Mustafa Anowar was serving as the Chairman of the bank.
He also resigned from the post of director as well as from the post in the bank’s foundation.
Prof Syed Ahsanul Alam has been elected as a new Vice-Chairman of the bank following the resignation of incumbent vice-chairman Azizul Haque in the board meeting.
The bank’s board also replaced the bank’s Managing Director (MD) Mohammad Abdul Mannan by Union Bank’s MD Abdul Hamid Mia.
When contacted, Mustafa Anowar told The New Nation on Friday that the new chairman has been elected in the meeting of the Board of Directors. Vice Chairman Azizul Haque and MD Abdul Mannan have resigned. Everything has been done smoothly.”
Arastoo Khan said, “I joined the meeting of the Board of Directors for the first time on Thursday and that meeting has elected me chairman of Islami Bank. Earlier I have resigned from the Commerce Bank.”
IBBL is the pioneer of Islamic banking in Bangladesh.
It became incorporated on 13 March 1983 as a public limited company under the Companies Act 1913 with a 36.91 per cent local and 63.09 per cent foreign shareholders, particularly from the Middle East.
The IBBL has 307 branches including 57 AD branches and three offshore banking units as well as 13,229 staffs, as of December 2015.
The bank has also been considered as the largest private bank in Bangladesh.
Islami Bank Bangladesh Limited (IBBL), the largest Shariah-based bank in Bangladesh, has brought massive changes in its three top management posts on Thursday.
The reshuffling was made in the meeting of the bank’s Board of Directors held at its head office in the capital.
The bank’s board elected Arastoo Khan, an ex-bureaucrat who was chairman of Commerce Bank, as new Chairman of IBBL replacing incumbent Mustafa Anowar.
Khan earlier resigned from the Commerce Bank to join the Bank. He became bank’s one of the directors on behalf of Armada Spinning Mills.
As a representative of Ibn Sina run by Bangladesh Jamaat-e-Islami leaders, Mustafa Anowar was serving as the Chairman of the bank.
He also resigned from the post of director as well as from the post in the bank’s foundation.
Prof Syed Ahsanul Alam has been elected as a new Vice-Chairman of the bank following the resignation of incumbent vice-chairman Azizul Haque in the board meeting.
The bank’s board also replaced the bank’s Managing Director (MD) Mohammad Abdul Mannan by Union Bank’s MD Abdul Hamid Mia.
When contacted, Mustafa Anowar told The New Nation on Friday that the new chairman has been elected in the meeting of the Board of Directors. Vice Chairman Azizul Haque and MD Abdul Mannan have resigned. Everything has been done smoothly.”
Arastoo Khan said, “I joined the meeting of the Board of Directors for the first time on Thursday and that meeting has elected me chairman of Islami Bank. Earlier I have resigned from the Commerce Bank.”
IBBL is the pioneer of Islamic banking in Bangladesh.
It became incorporated on 13 March 1983 as a public limited company under the Companies Act 1913 with a 36.91 per cent local and 63.09 per cent foreign shareholders, particularly from the Middle East.
The IBBL has 307 branches including 57 AD branches and three offshore banking units as well as 13,229 staffs, as of December 2015.
The bank has also been considered as the largest private bank in Bangladesh.
