Mominul Islam, MD & CEO of IPDC Finance, has decided to pursue his career outside IPDC, setting sail for new horizons from January 2024.
This decision follows an 18-year journey, during which he orchestrated a profound metamorphosis, reshaping IPDC Finance into a transformative powerhouse within the non-banking financial institution (NBFI) sector.
Islam joined IPDC in 2006 as Head of Operations & Technology and ascended to the position of Managing Director and CEO in 2012.
Under his stewardship, the organization's balance sheet experienced tenfold growth while maintaining non-performing loans (NPL) at an industry-low level putting the company as the market leader in terms of market valuation.
In the last decade, Mominul Islam led IPDC through a transformation, turning it from the oldest NBFI into the most innovative one.
His leadership saw the introduction of groundbreaking products and technological innovations, coupled with a commitment to excellence in customer service.
During his reigns, the organization launched South-East Asia's first ever blockchain-based digital supply chain financing platform 'Orjon', as well as the country's first digital retailer financing platform 'Dana', the cardless, zero-interest consumer financing app 'IPDC EZ' and a country-wide affordable home loan product named ‘Bhalo Basha Loan’.
Under his stewardship, IPDC Finance not only grew as a financial entity but also accumulated brand equity like never before in the NBFI sector.
From 2020 to 2022, Mominul Islam was the Chairman of Bangladesh Leasing and Finance Companies Association (BLFCA).
Currently, he is an Executive Committee Member of Bangladesh Association of Publicly Listed Companies (BAPLC).
Islam's impact extended beyond national borders, as he has recently assumed the role of Chairman of the Association of the Development Financial Institutions in the Asia and Pacific (ADFIAP), elevating Bangladesh's position on the global stage. Previously, his leadership garnered him the prestigious Best CEO Award from ADFIAP.
Beyond financial success, Mominul Islam initiated platforms under IPDC with the potential for long-term societal impact, including those focused on women empowerment, youth development, and serving underserved communities. Platforms such as the 'Unsung Women Nation Builders Awards' and 'Priyo Shikkhok Shommanona' received widespread acclaim.
Notably, Islam introduced the first-ever loan product for purchasing books, 'Shubodh',a move widely appreciated for its cultural significance and internationally acclaimed “Child Marriage Prevention Loan” to encourage girl child education for the marginalized people.
Islam's commitment to preserving Bangladesh's culture and heritage was evident through award winning initiatives like 'IPDC Amader Gaan', a popular YouTube platform promoting folk songs, and 'Bornoshilpi', the first-ever Bangla calligraphy competition.
Before joining IPDC, Islam garnered experience at esteemed institutions such as American Express Bank and Standard Chartered Bank, both in Bangladesh and abroad.
Commenting on this, Mominul Islam said: "This has been an impactful journey with IPDC. I've had the privilege of collaborating with amazing colleagues, the most versatile board, and our loyal customers. Leaving behind a competent team to carry the legacy forward fills me with pride. I'll proudly remain a brand ambassador of IPDC, cherishing the memories created and successes forged during our time together."