The government has appointed a new Managing Director and Chairman to the board of the Combined Islamic Bank, in a move aimed at strengthening governance and operational leadership within the institution.
According to separate notifications issued on Monday (8 June) by the Financial Institutions Division under the Ministry of Finance, the appointments take immediate effect upon joining and will remain valid for a tenure of three years.
Financial Institutions Division confirmed that Abedur Rahman Sikder, currently serving as Deputy Managing Director of Dutch-Bangla Bank, has been appointed as the new Managing Director (MD) of the Combined Islamic Bank. In addition, Kazi Shairul Hasan has been named as the new Chairman of the bank’s Board of Directors.
The official order further states that, in line with the Bank Companies Act of 1991, necessary follow-up procedures must be initiated by the chairman of the bank’s board to formalise the appointment of the Managing Director. The directive underscores regulatory compliance as a key requirement in the transition process.
The Combined Islamic Bank is expected to benefit from the leadership changes as it continues to focus on improving corporate governance, strengthening its financial position, and enhancing service delivery in the competitive banking sector. The appointments come at a time when the banking industry is undergoing increased regulatory scrutiny and structural reforms aimed at ensuring stability and efficiency.
Both newly appointed leaders have been given a fixed three-year term, signalling the government’s intent to ensure continuity in strategic decision-making and institutional development.
Key Appointments Overview
| Position | Appointee | Current/Previous Role | Tenure |
|---|---|---|---|
| Managing Director (MD) | Abedur Rahman Sikder | Deputy Managing Director, Dutch-Bangla Bank | 3 years |
| Chairman | Kazi Shairul Hasan | Banking Executive | 3 years |
Officials familiar with the matter indicate that the leadership reshuffle is part of a broader effort to enhance governance standards within the banking sector, particularly in institutions operating under Islamic banking principles. The appointments are also expected to support stronger oversight mechanisms and improved strategic direction.
With the new leadership in place, attention will now turn to how effectively the Combined Islamic Bank can execute its operational priorities and reinforce stakeholder confidence in the months ahead.
