Ahsanul becomes Islami Bank’s new chairman

The board of Islami Bank Bangladesh Ltd (IBBL) yesterday elected Ahsanul Alam as the chairman of the shariah-based lender.

Ahsanul was the chairman of Union Bank Limited prior to this new appointment, according to a press release issued by the bank.

He is the chairman of Hasan Abasan (Pvt) Limited and managing director of Artsy Holdings Limited, Shining Assets Limited, Affinity Assets Limited, Wesco Limited, Marina Assets Limited, and Kraft Holding Company Limited.

He is the director of SS Power-I Limited, the country's largest coal-fired power plant.

Ahsanul is a director of Chattogram-based S Alam Group which came to public discussion by the end of last year over allegation of loan concentration.  He is a son of S Alam Group Chairman Mohammed Saiful Alam.

In 2017, S Alam Group took over IBBL, the country's largest private bank in terms of deposits and loans.

The IBBL's press release said that young industrial entrepreneur Ahsanul is a prominent businessman in textile, garment and trading sector for his dynamic leadership.

He has been awarded as the highest taxpayer by the National Board of Revenue for two times.

He obtained a bachelor degree from the University of Bradford and an MBA from Edinburgh Napier University in the United Kingdom.