Staff Correspondent:

Md Obayed Ullah Al Masud has resigned as the chairman of Islami Bank Bangladesh PLC, nearly 11 months after taking office.

Islami Bank sources have confirmed the development to The Business Standard on Thursday (July 17).

Following the July Uprising that led to the ouster of Sheikh Hasina, the Board of Directors of Islami Bank was dissolved. On 24 August last year, five new independent directors were appointed to the restructured board, with Obayed Ullah Al Masud named as chairman.

Obayed Ullah previously served as managing director of Sonali Bank from 2016 to 2019, and before that, as MD of Rupali Bank from 2012 to 2016.

He took over the chairmanship of Islami Bank after an extended retirement following his tenure at Sonali Bank.

His resignation comes a day after the Bangladesh Financial Intelligence Unit (BFIU) sought detailed bank information of Obayed Ullah and his family members as part of a financial inquiry.

According to a letter sent by the anti-money laundering agency on Sunday (14 July), all scheduled banks have been asked to submit account-related documents, including account opening forms, updated statements, savings certificates, bonds, lockers, credit cards, student files, prepaid and gift cards, and transaction records involving Tk5 lakh or more connected to Obayed Ullah or anyone linked to his interests.