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IBFCThrive with Shari’ah

Team

Principal Coordinator

Dr. Md. Mahabbat Hossain CIPA, CSAA, DIB
A brief about Dr. Md. Mahabbat Hossain (CIPA, CSAA, DIB)

Dr. Md. Mahabbat Hossain CIPA, CSAA is an accomplished Islamic Finance Professional, serves as an Associate Professor at the Bangladesh Institute of Bank Management (BIBM). His expertise extends beyond academia to encompass several pivotal roles in the applied field of Islamic finance. Dr. Hossain is an Academic Advisor of the Central Shariah Board for Islamic Banks of Bangladesh (CSBIB) and an active Member of various Working Groups within the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). His support also extends to Shariah Supervisory Committees, where he holds the position of SSC Member for Meghan Bank PLC. He was also a Member of SSC for IFIC Bank PLC and SBAC Bank PLC. He further contributes as a Shariah Supervisory Board (SSB) Member for BEXIMCO Green Sukuk al Istisna’a and BBML (PRAN-RFL) Sukuk. His dedication to ensuring compliance and ethical practices in finance is evident through his membership in the SSB of IDLC Asset Management Shariah Fund, IDLC Islamic Finance Window, and Impress Capital Limited (ICL) Shariah Fund.

Dr. Hossain's commitment to excellence is underscored by his association with the Institute of Internal Auditor (IIA) and IIA Bangladesh. He is a Life Member of Bangladesh Society for Training and Development (BSTD). He also takes on roles as an Editorial Associate of Bank Parikrama (Journal of Banking and Finance of BIBM) and an Editorial Board Member of ABC Journals. His contributions extend to his role on the Executive Committee of the Asian Business Consortium (Research House) and his Life Membership in the Bangladesh Society for Training and Development (BSTD). As a testament to his dedication to the field, he holds a life membership with the Bangladesh Accounting Association (BAA).

Dr. Hossain's passion for knowledge sharing and collaboration is evident through his founding of the Bangladeshi AAOIFI Fellows Forum, abbreviated as BAFF, which serves as a Knowledge Sharing Forum for Bangladeshi Islamic Finance Professionals. His extensive educational background includes a PhD in Accounting and Information Systems from the Institute of Business Administration at Rajshahi University. He obtained his BBA and MBA in Accounting from the same esteemed institution. Furthering his expertise, Dr. Hossain completed a Diploma in Islamic Banking from the Institute of Islamic Banking and Insurance in London, UK. He holds the distinguished titles of Certified Islamic Professional Accountant (CIPA) and Certified Shari’ah Advisor and Auditor (CSAA) Fellow, awarded by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).

With a prolific research and publication record that exceeds 80 articles in various national and international journals, Dr. Hossain demonstrates his commitment to advancing the field of banking and finance. His impressive career spans over 18 years, encompassing teaching, training, consultancy, and research in this dynamic sector. Recognizing his leadership and dedication to promoting best practices in Islamic banking and finance in Bangladesh, Dr. Hossain was honored with the "BAFF Award 2023." This award acknowledges his exceptional contributions to the industry, solidifying his status as a trailblazer in the field.

Islamic Finance Experts

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Experienced in Research and Consultancy in Global Market

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Hands-on Experience in Islamic Banking and Finance 

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Shari’ah Expert with Operational Experience in Islamic Banking and Finance

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Hands-on Experience in Islamic Banking and Finance 

Experts Panel

A brief about Md. Fariduddin Ahmed

Md. Fariduddin Ahmed currently serves as a Chairman, Board of Directors, Union Bank PLC. With a rich professional background, he has held significant leadership roles, including Managing Director & CEO of IBBL and EXIM Bank Ltd., as well as Advisor of EXIM Bank Ltd. His extensive involvement in the field includes acting as a Consultant for the Islamic Banking Launching Project of Meghna Bank Ltd. He is also servicing as the Vice Chairman, Executive Committee, Bangladesh Institute of Islamic Thought (BIIT).

Presently, Mr. Ahmed is actively engaged with various entities, showcasing his expertise in Islamic finance and governance. Some of his notable roles include:

  • Chairman, Shari’ah Supervisory Committee of Dhaka Bank Ltd.
  • Chairman, Shari’ah Supervisory Committee of One Bank Ltd.
  • Chairman, Shari’ah Supervisory Committee of ICB Islami Bank.
  • Chairman, Shari’ah Supervisory Committee of Hajj Finance Co.
  • Chairman, Shari’ah Supervisory Board of PRAN Group of Industries for Sukuk issuance.
  • Chairman, Shari’ah Supervisory Board of Flora Systems Ltd. for the development of Islamic Banking Software.
  • Secretary General, Bangladesh Islamic Bankers Association (BIBA).
  • Member, Shari’ah Supervisory Board of BEXIMCO Green Sukuk Al-Istisn’a.
  • Member, EC of Bangladesh Islamic Law Research and Legal Aid Centre.
  • Member, Shari’ah Supervisory Committee of Premier Bank Ltd.
  • Member, Shari’ah Supervisory Committee of Agrani Bank Ltd.
  • Member, Shari’ah Supervisory Committee of Mutual Trust Bank Ltd.
  • Member, Shari’ah Supervisory Committee of Meghna Bank Ltd.
  • Member, Shari’ah Supervisory Committee of Shahjalal Islami Bank Ltd.
  • Member, Finance Committee of Bangladesh Islamic University.
  • Member, Islamic Economic Research Bureau.
  • Member, Islamic Bank Consultative Forum.

With a wealth of experience and a vast network of affiliations, Mr. Md. Fariduddin Ahmed remains a prominent figure in the realm of Islamic finance and banking.

Banking and Finance Expert

MD. ABDULLAH SHARIF, CSAA, CIPA

Md. Abdullah Sharif, a distinguished figure in the realm of Islamic finance, currently holds pivotal roles as the Secretary General of the Central Shariah Board for Islamic Banks of Bangladesh (CSBIB), Besides, he is a First Vice President at City Bank PLC., Member of Islamic Banking Act Legislation Committee of BRPD, Bangladesh Bank, Member of AAOIFI Education Board, Bahrain. He is also proud of being a 1st time introducer of CIPA, CSAA fellowship of AAOIFI in Bangladesh, etc. His professional journey, spanning over two decades, reflects a commitment to excellence, leadership, and a deep understanding of Islamic banking principles.

Mr. Sharif, a three-time elected Secretary General of CSBIB, has over 22 years of experience in the Islamic banking industry. His career trajectory includes six years in branch banking activities, focusing on investment and general banking services. For the past 16 years, he has held significant positions such as Head Muraqib, Member Secretary of Shariah Supervisory Committee, and Head of Shariah in various Shariah-based banks and financial institutions.

Abdullah's expertise encompasses a wide array of skills, including the efficient maintenance of Shariah secretariats, facilitating Shariah Supervisory Committee meetings, liaison with management and Shariah scholars, and monitoring and mentoring Shariah audits. He has played a crucial role in Islamic banking product, policy, and process development, showcasing a deep understanding of Fiqh-al-Muamalat (Islamic Commercial jurisprudence) and Maqasid al-Shariah. His proficiency extends to delivering training, workshops, and lectures on Islamic banking and finance, with a specialization in Sukuk. Abdullah is trilingual, fluent in English, Arabic, and Bengali in speaking, listening, reading, and writing.

Abdullah's notable roles include his current position as Secretary General at CSBIB, where he was elected by a consortium of 29-member institutions. Additionally, his tenure at City Bank PLC has seen him contribute significantly as the Member Secretary of the Shariah Supervisory Committee and Vice President & Head of Shariah Secretariat.

Abdullah holds diverse academic qualifications, including an MPhil, MBA with a major in HRM, MA in Islamic Studies, and Kamil MA in Hadith. Abdullah has earned certifications as a Certified Islamic Professional Accountant (CIPA) and a Certified Shariah Advisor and Auditor (CSAA) from the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) in 2020.

Abdullah has contributed to several publications, edited books, reviewed publications, and served as a training provider for various institutions, including the Bangladesh Institute of Bank Management (BIBM) and Islami Bank Training and Research Academy (IBTRA).

Abdullah actively engages in various initiatives, including serving as a member of the Islamic Banking Review Team, a moderator for international seminars, and a project coordinator for significant Shariah vetting projects. Abdullah Sharif's journey exemplifies a steadfast commitment to Islamic finance, contributing significantly to the growth and development of the industry in Bangladesh. His multifaceted expertise, deep knowledge, and dedication make him a notable figure in the world of Islamic banking and finance.

Banking and Finance Expert

Munshi Md. Ashfaqul Alam, CSAA, CIBFP

 VP & Head of Islamic Financing Wing, Bangladesh Finance 
(Senior Islamic Finance Expert & Trainer)

With a distinguished career spanning over 16 years in Banking and Financial Institutions, Mr. Ashfaqul Alam is currently holding the position of Vice President and Head of the Islamic Finance Division at Bangladesh Finance Limited. Additionally, he is honored to serve as a member of the Shariáh Supervisory Committee overseeing the Islamic wing of the organization. My professional journey has been characterized by consistent excellence in various domestic and international institutions, showcasing expertise in the following key areas:
Islamic Finance: Demonstrating extensive knowledge of sharia-compliant financial
products and services, regulatory frameworks, and market trends.
Sales Force Management: Proven ability to motivate, coach, and lead sales teams to
achieve ambitious goals.
Branch Banking: Successful track record in leading branch operations, optimizing
performance, and achieving profitability targets.
Inward Foreign Remittance: Proven expertise in developing and implementing strategies
to grow foreign remittance business.
Correspondent Banking: Strong understanding of correspondent banking relationships and
international transactions.
Channel Development: Expertise in designing and implementing efficient distribution
channels for financial products.
Investment Risk Management: Possessing strong analytical skills and experience in mitigating investment risks. He is regularly invited to share insights at Bangladesh Institute of Bank Management (BIBM) and United International University (UIU) on various topics including deposit mobilization, non-sales personnel sales, inward foreign remittance, stress management, and various aspects of Islamic banking. Besides, he conducted numerous training programs and webinars for organizations on diverse topics within the financial sector. Mr. Alam regularly is featured on podcasts hosted by renowned personalities. He is also a motivational speaker.
Academic Credentials:
MBA & BBA: Department of Accounting & Information Systems, University of Dhaka.
Certified Shariáh Advisor & Auditor (CSAA): Accredited by the Accounting &
Auditing Organization for Islamic Financial Institutions (AAOIFI), Bahrain.
Certified Islamic Banking & Finance Professional (CIBFP): Graduated from the
Bangladesh Institute of Bank Management (BIBM)

Banking and Finance Expert

Md. Zahid Hossain, CSAA, CIPA, CIBFP

Md. Zahid Hossain, a seasoned banking professional with twenty-four-year experience, commenced his journey as a Management Trainee at Eastern Bank PLC in 2000, ascending to his present role as Senior Executive Vice President and Head of Service Delivery in Operations Division. His wide experience spans diverse roles at branches, the Retail Banking Head Office, and centralized Operations, cultivating a profound knowledge in banking operations.

Zahid's expertise lies in many areas of operations management from resource optimization through to capacity enhancement. His hands-on approach to process simplification, process re-engineering, and strategic project initiatives has been instrumental in upholding service excellence and mitigating operational risks in EBL. He has an M.Com in Finance and Banking from the University of Rajshahi, then further developed his skills with an "Advanced Certificate in Business Administration (ACBA)" jointly from IBA, Dhaka University and Management Development Institution in South Asia (AMDISA).

Zahid is an Islamic Finance enthusiast who did “Certified Islamic Banking and Finance Professional” course from BIBM. He is a Certified Islamic Professional Accountant (CIPA) and Certified Shari’ah Advisor and Auditor (CSAA) fellow from Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). Zahid's multifaceted skill set positions him as a front-runner driving operational efficiency and innovation in modern banking. 

Banking and Finance Expert

Kazi Shofiqul Islam

Legal Expert

Mawlana Shah Mohammad Wali Ullah

Shari’ah Scholar

A brief about Dr. Md. Anwar Hosain Mollah

Dr. Md. Anwar Hosain Molla is a highly recognized scholar in Islamic fiqh and jurisprudence. He is an advisor to numerous other Islamic financial institutions. He holds a Ph.D. in “Micro-credit and zakat in alleviation of poverty: a comparative analysis under department of Da’wah and Islamic Studies” from Islamic University. He also studied Arabic language and Islamic culture from King Saud University, Riyadh where he was awarded Gold Medal for his outstanding academic record.

Dr. Anwar is currently the principal of Uttar Badda Islamia Kamil Madrasa and an adjunct faculty of Manarat International University. He teaches Hadith Arabic, Aqidah, Fiqh and Islamic Studies. He has authored numerous books and articles in his field. He has also translated the Holy Quran into Bengali.

Shari’ah Scholar 

A brief about Md. Abdur Rouf Masum

Assistant Manager
Period: 17th July 2023 to continue

Company: Howladar Yunus & Co. Chartered Accountants

  • Audit Associate

Period: 1st January 2020 to 16th July 2023

Company: Howladar Yunus & Co. Chartered Accountants

  • Audit & Assurance Services

Banks and Financial Institutions

  • NRB Commercial Bank PLC
  • Southeast Bank PLC
  • IFIC Securities Limited

Manufacturing Company

  • UHM Limited
  • Walton Hi-Tech Industries PLC

Construction Company

  • First Dhaka Elevated Expressway (FDEE) Co. Ltd.
  • ITD Bangladesh Company Limited.
  • ITD-Sinohydro JV (CP-02)
  • Italian-Thai Development Public Co. Ltd. (CP 03 & 04)

Service Company

  • Bangladesh Cricket Board (BCB).
  • Consumer Testing Laboratories Ltd.
  • Labright Bangladesh Limited.
  • Euroconsult Mott Macdonald (Branch Office)
  • Centro Tex Limited
  • Phibro Animal Health Corporation (BD Liaison Office)
  • LC WAIKIKI MAGAZACILIK HIZMETLERI TICARET ANONIM SIRKETI (BD Liaison Office)
  • Tex International Ltd. (BD Liaison Office)
  • IDLC Venture Capital Fund I

Audit Expert

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