The fourth meeting of the Board of Directors of Sammilito Islami Bank PLC was convened on 2 February 2026 at the bank’s City Centre office in Motijheel, Dhaka. The session was presided over by Dr Mohammad Ayub Mia, Chairman of Sammilito Islami Bank PLC, according to an official press release issued by the bank.
The meeting brought together the full Board of Directors, alongside the Executive Director of the Bank Resolution Department of Bangladesh Bank, who attended as a key regulatory observer. Discussions focused on the ongoing strategic and operational initiatives of Sammilito Islami Bank, with particular attention given to the bank’s merger programme, which aims to consolidate operations with several other financial institutions.
In an unprecedented move, the Board extended invitations to the administrators of five banks currently in the process of merging with Sammilito Islami Bank PLC. Their presence enabled detailed discussions on integration planning, operational harmonisation, and regulatory compliance. This engagement reflects the bank’s proactive approach to ensure a seamless merger process while safeguarding customer interests and maintaining regulatory standards.
The meeting agenda included reviewing financial performance, approving strategic decisions related to branch expansion, and overseeing the implementation of enhanced risk management frameworks. The Board emphasised adherence to Shariah-compliant banking principles throughout the merger process, reaffirming Sammilito Islami Bank’s commitment to Islamic banking practices.
Key Participants of the Fourth Board Meeting
| Participant Category | Names / Position |
|---|---|
| Chairman | Dr Mohammad Ayub Mia |
| Board of Directors | Full Board Members of Sammilito Islami Bank PLC |
| Regulatory Observer | Executive Director, Bank Resolution Department, Bangladesh Bank |
| Invited Administrators | Administrators of 5 merging banks |
The meeting concluded with a reaffirmation of the bank’s strategic direction, focusing on operational efficiency, enhanced customer services, and smooth integration of the merging banks. Officials noted that subsequent board sessions will continue to monitor progress and provide guidance to ensure that Sammilito Islami Bank PLC strengthens its market position while maintaining robust governance standards.
This fourth board meeting is widely seen as a critical step in the bank’s ongoing transformation and consolidation strategy, underscoring its commitment to growth, regulatory compliance, and service excellence in Bangladesh’s Islamic banking sector.