Mohammad Ayub Mia has resigned from his position as chairman of the board of directors of Sammilit Islami Bank PLC, a state-owned financial institution in Bangladesh. He submitted his resignation letter on Monday, March 16, 2026, to the secretary of the Financial Institutions Division under the Ministry of Finance, citing personal reasons for his decision.

Sammilit Islami Bank was formed through the merger of five liquidity-strapped banks: EXIM Bank, Social Islami Bank, First Security Islami Bank, Global Islami Bank, and Union Bank. The bank has an authorized capital of Tk 40,000 crore and a paid-up capital of Tk 35,000 crore, of which the government contributed Tk 20,000 crore, while the remaining Tk 15,000 crore is expected to come from depositors’ shares.

Mohammad Ayub Mia, a former government secretary, had been appointed as the first chairman of Sammilit Islami Bank on December 7 of the previous year.