Islami Bank gets new MD

The board of directors of Islami Bank Bangladesh Limited (IBBL) has nominated Md Mahbub ul Alam as it new managing director (MD). The appointment was made as the tenure of incumbent managing director Abdul Hamid Miah will come to an end on Friday. The decision was taken at a board meeting led by Arastoo Khan, chairman of the bank on Wednesday. Mahbub will take the duty after getting approval from Bangladesh Bank as per the banking law. He has been serving as the additional managing director since 2015. At the same meeting, Md Shamsuzzaman and Md Monirul Maola had been promoted as additional managing directors.