Dhaka, 21 December 2025 — Mohd Rafat Ullah Khan has been officially appointed as the Managing Director (MD) of Al-Arafah Islami Bank PLC, one of Bangladesh’s major Shariah-based commercial banks. The appointment is effective from 18 December 2025 and is for a three-year term, according to an official press release from the bank.
Before this elevation, Khan was serving as the Additional Managing Director (AMD) and Chief Risk Officer of the bank. His new role positions him at the helm of executive leadership, where he will be responsible for steering the bank’s strategic direction, driving sustainable business growth, and upholding Shariah-compliant principles across all operations.
Khan brings to the role over three decades of banking experience, having begun his career in 1994 as a probationary officer at Eastern Bank PLC. During his distinguished career, he has held senior leadership positions at several leading financial institutions, including BRAC Bank, Dutch-Bangla Bank and Prime Bank.
His professional expertise spans credit risk management, corporate banking, product development, as well as policy and process formulation in both Islamic and conventional banking systems. Khan’s broad background is seen as a valuable asset as the bank aims to strengthen its market position and enhance shareholder and customer trust.
Khan holds a postgraduate degree in statistics from the University of Dhaka and an MBA from a private university. He has also participated in numerous professional seminars and workshops domestically and internationally, including in Nepal, Thailand and the UAE.
His appointment comes at a time of renewed leadership focus for the bank following earlier management changes, and is expected to support Al-Arafah Islami Bank’s strategic ambitions within Bangladesh’s competitive Islamic banking sector.
