IslamicFinance.de

Islami Bank Bangladesh has undergone abrupt, major changes in its three top positions - chairman, vice chairman and managing director. Arastoo Khan, the former chairman of Commerce Bank has now become chairman of Islami Bank, replacing incumbent Mustafa Anowar. 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. The board of directors also replaced the bank’s managing director (MD) Mohammad Abdul Mannan by Union Bank’s MD Abdul Hamid Mia. Islami Bank Bangladesh has 307 branches including 57 AD branches and three offshore banking units as well as 13,229 staff members, as of December 2015.

Finance Minister AMA Muhith on Thursday urged Bangladesh’s banking sector to spend more from their corporate social responsibility (CSR) funds on the education sector. Appreciating Shahjalal Islami Bank (SIBL) and Dutch-Bangla Bank for their CSR contributions to the education sector, the Finance Minister said these two banks believe that education has been the most contributory element to human development. He was speaking at a function arranged marking the distribution of scholarships by the SIBL at the city’s Officers Club. At the function, some 500 students from across the country received scholarships from the SIBL. Muhith also appreciated the Bangladesh Bank governor for his campaign to encourage banks to spend more on their CSR activities.