Omar Faruk appointed new MD of Islami Bank

The Bangladesh Bank has appointed Md Omar Faruk Khan as the new Managing Director of Islami Bank Bangladesh PLC, effective immediately. 

The central bank confirmed the appointment in a letter dated August 3, 2025, setting his term to run until July 30, 2028.

The appointment marks a pivotal moment for the country’s oldest and largest Sharia-compliant financial institution, widely seen as a cornerstone of Islamic banking in South Asia since its inception in 1983. With this move, regulators appear to be betting on continuity, experience, and renewed momentum under a seasoned insider.

Omar Faruk Khan is no newcomer to Islami Bank. His appointment culminates a long and distinguished career spanning nearly four decades in the banking sector – most of it with the institution he now leads.

He successfully completed a viva voce before the Bangladesh Bank’s evaluation board on July 24, clearing the final hurdle for the top post. 

Prior to this, he served as Additional Managing Director of Islami Bank since September 2023. 

Before that, he was Managing Director (Current Responsibilities) at NRB Bank Limited, further broadening his executive experience.

Khan first joined Islami Bank in 1986, shortly after its founding, launching a career that would see him rise through the ranks. 

Over the years, he has held key leadership roles, including heading the bank’s International Banking Division, managing zonal offices, and overseeing critical branch operations – building a reputation for operational excellence and deep institutional knowledge.

A graduate of Dhaka University, Khan holds a master’s degree in Sociology – a background that has informed his people-centric approach to banking. 

Throughout his career, he has pursued professional development across continents, participating in advanced training programmes in Switzerland, the UAE, Thailand, Malaysia, and India, gaining insights into global best practices in Islamic finance and corporate governance.