Maldives Islamic Bank (MIB) announces appointment of the bank’s new Chairman and Chief Executive Officer (CEO).
The bank has appointed Kazi Abu Muhammad Majedur Rahman for the Chairman’s post and subsequently appointed Mufaddal Idris Khumri as MIB’s new CEO.
Rahman is replacing Najmul Hassan, who has served as the bank’s Chairman since 2012. MIB confirmed the succession concluded the term of Hassan, who served as both Chairman and a non-executive director of the board.
Rahman has served the bank, in the capacity of a board member since October 2021. He will continue to serve has an Independent Director of the bank following appointment. He has worked in strategic business transformation, operational and credit risk management, consumer banking, trade finance, treasury, audit, fintech, HR, governance and other corporate areas in Bangladesh, Middle East, Africa and Australia.
The bank’s new CEO is a seasoned banker with over 25 years of experience, in key business and support roles; which includes retail banking and product management. Mufaddal, the new CEO has over 17 years of Islamic banking experience. Prior to appointment he served the Head of Retail Assets Business of Saudi National Bank, Dubai, UAE. Additionally, he served as the Director of Retail Banking at National Bank of Ras Al Khaimah, UAE.