Quazi Shairul new Sammilito Islami Bank chairman, Abedur MD

The government has appointed Quazi Shairul Hassan as chairman of the board of directors of the merging Sammilito Islami Bank PLC, and Abedur Rahman Sikder as managing director and chief executive officer.
Hassan, who has been serving as a director of Bangladesh Development Bank, and Sikder, the deputy managing director of Dutch-Bangla Bank, have been appointed on a contractual basis.

Both appointments are for a tenure of three years from their respective joining dates, according to two separate notifications issued by the Financial Institutions Division on Monday.

Hassan’s appointment is subject to obtaining a no-objection certificate from the Bangladesh Bank.
The appointments come after Nabil Mustafizur Rahman, additional managing director of United Commercial Bank PLC, declined the managing director’s post just two days after the interim government had approved his appointment on February 17 this year.

Sammilito Islami Bank was formed through the merger of five Shariah-based banks – EXIM Bank, Social Islami Bank, First Security Islami Bank, Global Islami Bank, and Union Bank – following their failure to return depositors’ funds.

The bank began operations with a paid-up capital of Tk35,000 crore. Of the total amount, the government contributed Tk20,000 crore, while the remaining Tk15,000 crore was converted into shares against depositors’ funds. The merged bank received official approval on 30 November 2025.