Abu Nasser Muhammad Abduz Zaher

How govt is taking control of Islami Bank

Islami Bank Bangladesh Limited had five independent directors, of whom four have been dismissed in the last few months. These men are: NRM Borhan Uddin, AKM Sadrul Islam, Md Belayet Hossain and Md Abdus Salam. The bank’s board of directors refrained from renewing the tenures of these four because of government directives. Banking industry analysts believe the government’s directive is part of its plan to appoint four directors of its own choice. They believe the government is taking control of Islami Bank through several major changes including the board of directors. Last week freedom fighter engineer Mostafa Anwar replaced Abu Nasser Muhammad Abduz Zaher as the chairman.

Islamic Banks Forum leaders re-elected

Prof. Abu Nasser Muhammad Abduz Zaher, Chairman, Board of Directors of Islami Bank Bangladesh Limited was re- elected as Chairman of Islamic Banks Consultative Forum (IBCF) while Md. Nazrul Islam Mazumder, Chairman of EXIM Bank and Badiur Rahman, Chairman of Al-Arafah Islami Bank were re- elected as Vice Chairmen of the Forum. The election for the year 2014 of IBCF was held recently at the Meeting Room of BAB's Office in the city.

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