IBBL MD ‘forced to vacate’ office

Business Desk :

Mohammed Monirul Moula, Managing Director (MD) of Islami Bank Bangladesh PLC, was reportedly forced to vacate his office on December 19 under contentious circumstances.
Moula, who was appointed in January 2021 during the tenure of S Alam Group’s dominance over the bank’s board, faced resistance from within the organization.

A group of officials allegedly blocked his entry to the office and demanded he leave.
Since the incident, Moula has been absent from his duties, and an additional managing director has assumed interim responsibility.

Islami Bank is working with Bangladesh Bank to finalize the appointment of a new MD, according to a high-ranking official at the bank.

Despite being removed from his office, sources indicate that Moula has not yet submitted his resignation.

Mohammed Monirul Moula was currently the Chief Executive Officer, MD & Director at Islami Bank Bangladesh PLC.

He is also an Associate at The Institute of Bankers Bangladesh.
Mr. Moula has an undergraduate degree from the University of Chittagong, which was conferred in 1983, and a graduate degree, which was conferred in 1984.