10 months ago

SIBL picks Belal Ahmed as acting chairman

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Social Islamic Bank Limited (SIBL) has appointed Belal Ahmed as new acting chairman of the unconventional bank.

The development comes a day after resignation of SIBL's chairman Mahbub Ul Alam and additional managing director Abu Reza Mohammad Yeahia.

SIBL Managing Director (MD) Zafar Alam confirmed the development, saying Mr Belal Ahmed, who was the bank's vice chairman and executive committee (EC) chairman, was made its chairman in a normal board meeting on Tuesday.

Responding to a question, he said Mahbub Ul Alam and Abu Reza Mohammad Yeahia submitted their resignation letters on physical and mental grounds and the board accepted those.

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