Abdul Hamid becomes new Islami Bank director, replacing Abdul Jalil

Professional chartered accountant and banker SM Abdul Hamid has been appointed as an independent director at Islami Bank.

He replaces Independent Director Md Abdul Jalil, who was removed from the bank’s board amid a dispute over defaulted loans.

SM Abdul Hamid, is an experienced banker and chartered accountant. He is a Fellow Chartered Accountant of the Institute of Chartered Accountants of Bangladesh (ICAB).

He also holds an MBA in Finance and Banking and received an Excellence Award in the finance and banking sector in 2012.

During his long banking career, he served as deputy managing director and chief financial officer at IFIC Bank, where he was responsible for key areas including operations, internal control and compliance, and anti-money laundering (CAMLCO) functions.

He also worked as deputy managing director at Premier Bank and Citizens Bank.

Hamid said, “The priority is to strengthen the bank’s financial health. Bangladesh Bank will prioritise some issues, which will be selected after looking at the current state of the bank. We will try to get the bank to a good position.”