The government has invited qualified individuals to apply for the post of Managing Director/Chief Executive Officer of the newly formed Sammilito Islami Bank PLC.
The Financial Institution Division under the Ministry of Finance on Thursday issued a notification to this effect on its website.
Mentioning Sammilito lslami Bank PLC as the Bangladesh's largest and newly constituted state-owned lslamic bank, it said the bank has been established to strengthen financial inclusion, support socioeconomic development, and deliver modern Shariah-compliant banking services nationwide.
The bank, which aims to focus on good governance, technology adoption, financial stability, and strong Shariah adherence, is seeking a visionary and highly competent leader to lead the bank.
The aspirant candidates must have Post-graduation or Master's degree preferably in Economics, Finance, Accounting, Banking, Management or Business Administration from any recognised university, according to the notification.
The additional qualifications like CFA, FCA, CMA, CPA, ACCA, AIBB, and internationally recognised lslamic finance certifications (e.g., CIPA, CSAA) will be considered as added advantages, it added.
The applicants must have minimum 20 years of experience in the banking sector including at least 10 years in core commercial banking operations and risk management functions, said the notification.
Also, they should have minimum three years of continuous experience directly below the level of MD/CEO (AMD/DMD or equivalent). Substantial expertise in Islamic banking operations, Shariah governance, Islamic accounting, profit-distribution mechanisms and Islamic risk management is also required, it mentioned.
The candidates' minimum age limit is 45 years while maximum age will not exceed 50 years on the date of advertisement, it said, adding that they will be initially appointed for three years while renewal may be considered on satisfactory performance.
The candidates must not be a loan defaulter or involved in financial irregularity, fraud, forgery, regulatory non-compliance or unethical conduct and not have any criminal conviction or unresolved legal dispute with any bank/financial institution, according to the notification.
Applications in sealed envelopes must reach the Secretary, Financial Institutions Division, Ministry of Finance, by 22 December 2025, said the notification.
Earlier, the Sammilito Islami Bank PLC was formed by the merger of five ailing banks namely First Security Islami Bank, Global Islami Bank, Social Islami Bank, EXIM Bank, and Union Bank.
The newly established received its final operating license from Bangladesh Bank on December 1, 2025, and began operations on December 2.
Such merger was initiated by the central bank to stabilise the Islamic banking sector, it was learnt.
syful-islam@outllook.com
