Finance Minister Amir Khosru Mahmud Chowdhury announced that the nomination for the managing director of Islami Bank Bangladesh PLC has been finalized and the appointment will be made soon. He made the statement in the National Parliament on Wednesday in response to a question from Jamalpur-3 MP Md. Mostafizur Rahman Babul regarding plans to make the newly formed Combined Islami Bank fully functional.

The minister explained that under the Bank Resolution Scheme 2025, customers of five banks under resolution are able to withdraw their deposits from the Combined Islami Bank. The government has already appointed a chairman for the bank’s board of directors, who has assumed responsibility, and directors have also been appointed. The process of appointing the managing director is ongoing.

He added that the new board, under close supervision of the relevant division, is working to make the bank fully operational as soon as possible. Preparations include developing organizational structure and service rules, integrating IT and CBS systems, merging staff and branches, and recruiting key officers such as the company secretary, chief finance officer, and chief technology officer.