The promoted Deputy Managing Directors are Mohammed Monirul Moula, Mohd Mohon Miah, Mohammad Ali and Abu Reza Mohd Yeahia.
Currently, the bank has four deputy managing directors under Mahbub-ul-Alam, who remains as the managing director until a new one is appointed.
Ahsanul Alam dismissed claims that the Chittagong-based S Alam Group has been playing a big role in the bank's operation behind the scenes, despite S Alam Group chairman Mohammad Saiful Alam being spotted at the Islami Bank premises on Sunday morning when Arastoo Khan took the post of chairman officially.
"Saiful Alam came with his gang to Islami Bank, just not as a client, but as a chairman of another bank," Ahsanul said.
He added that former chairman Mustafa Anwar and managing director Mohammad Abdul Mannan were not forced to resign but were leaving on "physical grounds".Sweeping changesThe major shake-up of the bank management team came at a board meeting held on January 5, where Arastoo Khan was elected as chairman. He represents Armada Spinning Mills Limited as the director of the bank, holding a 2% share.
Yousif Abdullah Al Rajhi was re-elected, and Syed Ahsanul Alam was elected, as vice-chairmen.
The executive committee, audit committee and risk management committee of the bank were also reformed with major general (rtd) Engineer Abdul Matin, Zillur Rahman and Abdul Mabud the respective chairmen respectively.
Of the new directors, Matin represents Paradise International Limited, Qazi Shahidul Alam Platinum Endeavors, Syful Islam BLU International Limited, Joynal Abedin ABC Ventures Limited, Mizanur Rahmana Grand Business Limited and Sirajul Karim Excel Dyeing and Printing.
All the new directors bought 2% shares from the market from the year 2015.
A senior executive of the central bank said the procedure of removing Jamaat-linked people from Islami bank started in 2015 with the removal its deputy managing director, Nurul Islam.The new management of Islami Bank Bangladesh Limited has said it will move to combat the "negative impression" that the largest private bank in the country is run by the Jamaat-e-Islami ideology.
Top officials of the bank stated their aim at a press conference held on Sunday at the bank headquarters, following a major shakeup of its board of directors on January 5.
"Though the change has occurred in the management of the bank, there will be no change to its basic principals," he said, adding that the bank will be operated following Shariah Law.
The new management met with the media on Monday to explain the major changes to the board after unsettling rumours spread through the market.More women appointmentsSyed Ahsanul Alam, the newly elected vice-chairman, said there was a pervading negative public impression about the bank since it has ties with a certain political party.
"(The previous management) did business with Islam and their mindset was negative about women employees, and that is why there is no woman employee in the top management, even on the board," Ahsanul said. "A new leadership was needed to build a real practice of Islamic banking business."
Ahsanul said the new management team will appoint more women to the bank and bring changes to its recruitment policy to ensure merit-based appointments.
Major General (Retd) Engineer Abdul Matin, newly elected chairman of the Executive Committee, said the bank will go begin a massive recruitment drive soon, but gave assurances that the management will not fire any existing employees.
"At the same time promotions will be made at all levels in the bank," he said. "Already four executive vice-presidents have been promoted to the posts of deputy managing director. The proposal of promotion was sent to the central bank for final approval."
The promoted Deputy Managing Directors are Mohammed Monirul Moula, Mohd Mohon Miah, Mohammad Ali and Abu Reza Mohd Yeahia.
Currently, the bank has four deputy managing directors under Mahbub-ul-Alam, who remains as the managing director until a new one is appointed.
Ahsanul Alam dismissed claims that the Chittagong-based S Alam Group has been playing a big role in the bank's operation behind the scenes, despite S Alam Group chairman Mohammad Saiful Alam being spotted at the Islami Bank premises on Sunday morning when Arastoo Khan took the post of chairman officially.
"Saiful Alam came with his gang to Islami Bank, just not as a client, but as a chairman of another bank," Ahsanul said.
He added that former chairman Mustafa Anwar and managing director Mohammad Abdul Mannan were not forced to resign but were leaving on "physical grounds".Sweeping changesThe major shake-up of the bank management team came at a board meeting held on January 5, where Arastoo Khan was elected as chairman. He represents Armada Spinning Mills Limited as the director of the bank, holding a 2% share.
Yousif Abdullah Al Rajhi was re-elected, and Syed Ahsanul Alam was elected, as vice-chairmen.
The executive committee, audit committee and risk management committee of the bank were also reformed with major general (rtd) Engineer Abdul Matin, Zillur Rahman and Abdul Mabud the respective chairmen respectively.
Of the new directors, Matin represents Paradise International Limited, Qazi Shahidul Alam Platinum Endeavors, Syful Islam BLU International Limited, Joynal Abedin ABC Ventures Limited, Mizanur Rahmana Grand Business Limited and Sirajul Karim Excel Dyeing and Printing.
All the new directors bought 2% shares from the market from the year 2015.
A senior executive of the central bank said the procedure of removing Jamaat-linked people from Islami bank started in 2015 with the removal its deputy managing director, Nurul Islam.
The promoted Deputy Managing Directors are Mohammed Monirul Moula, Mohd Mohon Miah, Mohammad Ali and Abu Reza Mohd Yeahia.
Currently, the bank has four deputy managing directors under Mahbub-ul-Alam, who remains as the managing director until a new one is appointed.
Ahsanul Alam dismissed claims that the Chittagong-based S Alam Group has been playing a big role in the bank's operation behind the scenes, despite S Alam Group chairman Mohammad Saiful Alam being spotted at the Islami Bank premises on Sunday morning when Arastoo Khan took the post of chairman officially.
"Saiful Alam came with his gang to Islami Bank, just not as a client, but as a chairman of another bank," Ahsanul said.
He added that former chairman Mustafa Anwar and managing director Mohammad Abdul Mannan were not forced to resign but were leaving on "physical grounds".Sweeping changesThe major shake-up of the bank management team came at a board meeting held on January 5, where Arastoo Khan was elected as chairman. He represents Armada Spinning Mills Limited as the director of the bank, holding a 2% share.
Yousif Abdullah Al Rajhi was re-elected, and Syed Ahsanul Alam was elected, as vice-chairmen.
The executive committee, audit committee and risk management committee of the bank were also reformed with major general (rtd) Engineer Abdul Matin, Zillur Rahman and Abdul Mabud the respective chairmen respectively.
Of the new directors, Matin represents Paradise International Limited, Qazi Shahidul Alam Platinum Endeavors, Syful Islam BLU International Limited, Joynal Abedin ABC Ventures Limited, Mizanur Rahmana Grand Business Limited and Sirajul Karim Excel Dyeing and Printing.
All the new directors bought 2% shares from the market from the year 2015.
A senior executive of the central bank said the procedure of removing Jamaat-linked people from Islami bank started in 2015 with the removal its deputy managing director, Nurul Islam.