M Sadiqul Islam, a professor of the department of finance at the University of Dhaka, was elected chairman of Social Islami Bank today while Md Anisul Hoque, representative of Hamdard Laboratories (Waqf) Bangladesh, got the post of vice-chairman.

The board of directors organised a meeting at the bank's head office in Dhaka to elect the chairman and vice-chairman to safeguard depositors' interest and ensure good governance within the bank, according to a press release.

Maksuda Begum, former executive director of the Bangladesh Bank, was elected as chairman of the EC Committee, and Md Rezaul Haque, sponsor director, was elected chairman of the risk management committee.

Chartered Accountant Md Anwar Hossain was elected chairman of the board audit committee of the bank.

Md Morshed Alam Khondoker, an independent director, was present.

Md Anisul Hoque, representative of Hamdard Laboratories (Waqf) Bangladesh, attended the meeting as a director in line with approval from the Bangladesh Bank.

Bangladesh Bank reformed the bank's board on August 25 to ensure good governance. With the formation of a new board, the bank hoped the trust of clients would start to be restored, the press release added.