Md Obayed Ullah Al Masud new chairman of Islami Bank

Bangladesh Bank (BB) has finally dissolved the board of Islami Bank PLC and reconstituted it by appointing MD Obayed Ullah Al Masud, former managing director of Rupali Bank PLC as the chairman of the new board.

According to a Bangladesh Bank circular published on Thursday (22 August), under the Bank-Company Act, 1991, the board of directors of the Islami Bank Bangladesh PLC has been canceled with immediate effect.

Other independent directors of the five-member body are former BB executive director Mohammad Khurshid Wahab, former deputy managing director of Al-Arafah Islami Bank PLC Md Abdul Jalil, ex-professor of Dhaka University's department of finance Dr M Masud Rahman and chartered accountant Md Abdul Salam FCA, FCMA.