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flag Bangladesh appoints Nabil Mustafizur Rahman as CEO of new state-owned Islamic bank, Sammilito Islami Bank PLC, effective February 15, 2026.

flag Nabil Mustafizur Rahman has been appointed as the first managing director and CEO of Sammilito Islami Bank PLC, a newly formed state-owned Islamic bank created by merging five Shariah-compliant institutions. flag The appointment, approved by Bangladesh’s Ministry of Finance on February 15, 2026, is for a three-year term. flag Rahman, currently an additional managing director at United Commercial Bank, brings over 30 years of banking experience, including senior roles in risk and Islamic banking at BRAC Bank and Habib Bank Limited. flag The new bank has a paid-up capital of Tk35,000 crore, with Tk20,000 crore from the government and Tk15,000 crore from depositors. flag The Bangladesh Bank has set a maximum deposit interest rate of 9.5% for 2026.

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