The Government has appointed new senior leadership to the Combined Islamic Bank, introducing fresh stewardship at both the managing director and board chairman levels in a move aimed at strengthening governance and operational efficiency within the institution.
According to two separate notifications issued on Monday by the Financial Institutions Division of the Ministry of Finance, the bank’s top executive role has been assigned to Abedur Rahman Sikder, while the position of Chairman of the Board of Directors has been entrusted to Kazi Shairul Hasan.
The appointments take effect from the respective dates of joining and will remain valid for a three-year term. Officials have confirmed that the decisions were made under the provisions of the Bank Company Act, 1991, ensuring that the leadership transition is aligned with the legal and regulatory framework governing the country’s banking sector.
The notification further instructs the Chairman of the bank’s board to initiate all necessary administrative and procedural steps to formalise the appointment of the new Managing Director. This includes completing compliance requirements and ensuring a smooth handover of executive responsibilities.
Leadership Appointment Overview
| Position | Appointee | Previous Role / Background | Tenure |
|---|---|---|---|
| Managing Director | Abedur Rahman Sikder | Deputy Managing Director, Dutch-Bangla Bank | 3 years |
| Chairman | Kazi Shairul Hasan | Board Chairman, banking sector professional | 3 years |
Industry observers view the reshuffle as a significant development for the Combined Islamic Bank, particularly at a time when the financial sector is undergoing increasing competition, regulatory tightening, and rapid digital transformation. The introduction of experienced leadership is expected to reinforce institutional governance and improve strategic direction.
With extensive experience in the banking sector, Mr Sikder is anticipated to bring operational insight and managerial discipline to the executive role. His background as Deputy Managing Director at a leading private commercial bank is expected to support enhanced risk management practices, improved credit oversight, and more efficient service delivery.
Meanwhile, Mr Hasan, as Chairman, is expected to provide strategic oversight to the board, guiding long-term policy formulation and ensuring that governance standards are maintained in line with regulatory expectations. His role will be central in aligning board-level decisions with the bank’s broader institutional objectives.
Analysts suggest that the dual appointments may mark the beginning of a new phase for the institution, with potential improvements in administrative coordination, financial discipline, and service innovation. The leadership change is also being viewed as part of broader efforts to strengthen stability and confidence within the banking sector.