Islami Bank new chairman Zubaidur Rahman

Dr M Zubaidur Rahman has been appointed as the new chairman of Islami Bank Bangladesh PLC.

He, an independent director of IBBPLC, was selected unanimously in a meeting of the Board of Directors on Wednesday, July 23.

As a former World Bank senior official, Dr Zubaidur played viral role in strengthening financial transparency, accountability and good governance and he led the implementation of 'standards and codes' initiative aiming to strengthen worldwide economic structure.

He is the founder of ZNRF University of Management Sciences (ZUMS) and is now serving as vice-chancellor of the university.

Also Read: Islami Bank chairman steps down amid graft allegations

Earlier on Thursday, July 17, Obayed Ullah-Al Masud stepped down as chairman of Islami Bank, the country’s largest private sector bank, amid probe into his alleged corruption.

His resignation came after reports about his involvement in corruption and his connection to controversial businessman S Alam. He submitted the resignation letter to the bank’s Board of Directors, which was formed by Bangladesh Bank following the country's political change last year.

EAR/MSU