Islami Bank PLC has become largely rudderless. For more than four months,
the country’s largest private sector bank, a Shariah based financial
institution, has been operating without a full board of directors.
Although the institution suffered extensive looting by the controversial
business conglomerate S Alam Group, Bangladesh Bank Executive Director (ED)
Mohammad Zahir Hossain was given sole responsibility for the bank’s overall
board functions, including the chairmanship, on June 14. Th...
