DHAKA, April 6, 2025 - Islamic Finance and Investment PLC (IFI PLC) announced the appointment of Mr. Nurul Azim as its new Managing Director, effective Sunday, April 6, 2025. Mr. Azim brings over 24 years of extensive experience in the banking sector to his new role.

Prior to joining IFI PLC, Mr. Azim served as Additional Managing Director and Deputy Managing Director at SBAC Bank PLC. His career includes significant tenures at Premier Bank, Southeast Bank, and National Bank, where he held various key positions. Notably, he served as Chief Risk Officer (CRO) and Chief Business Officer (CBO) at SBAC Bank PLC, demonstrating his comprehensive understanding of banking operations and risk management.

Throughout his career, Mr. Azim has cultivated vast expertise across diverse banking divisions, including credit, foreign trade, general banking, law and recovery, credit administration, audits, and financial administration. His dedication and performance have been recognized multiple times, earning him the award for the best 'Branch Manager' during his service at National Bank and SBAC Bank PLC.

Mr. Azim holds a bachelor's and master's degree in Economics from Rabindra Bharati University, India. He has also enriched his professional skills through numerous training courses focusing on critical areas such as the Prevention of Money Laundering and Combating the Financing of Terrorism, Green Banking and Green Financing, Environmental Risk Management, Branch Management, Financing Small and Medium Enterprises, Credit Management, Investment and Merchant Banking,

His commitment to continuous learning and professional development is further evidenced by his participation in various seminars, training sessions, and workshops on economics and banking held in Singapore, Turkey, Indonesia, Malaysia, and Thailand. Mr. Azim also contributes to the development of the next generation of banking professionals by teaching credit, foreign trade, and banking-related subjects at several institutions.

Hailing from a respected Muslim family in the Patuakhali district, Mr. Azim's appointment is expected to steer IFI PLC towards new horizons of growth and stability in the Islamic finance sector. His broad experience and proven track record are anticipated to be invaluable assets to the company.

Islamic Finance and Investment PLC (IFI PLC) is a prominent financial institution operating within the Islamic finance framework. It offers a range of Shariah-compliant financial products and services. The appointment of Mr. Nurul Azim as the new Managing Director signifies a strategic move to further strengthen its position in the market and enhance its operational efficiency.