19 board members
Abdul Haque
Profile
Abdul Haque is a distinguished businessman and entrepreneur from Dhaka, belonging to a long-established family with a respected legacy in commerce and industry. Guided and inspired by his father, Late Haji Abdul Kader, he began his entrepreneurial journey in 1973 through the import and trading of dyes and chemicals. His business later expanded into textile printing and finishing, where he developed extensive expertise.
In pursuit of advanced technical knowledge and international exposure, Mr. Haque undertook professional training at ICI Laboratories in Manchester (United Kingdom), CIBA Laboratories in Basel (Switzerland) and Bayer in Leverkusen (Germany).
Over the decades he has built a diversified business group with interests in real estate development, insurance, telecommunications, capital markets and media. He is a major sponsor of Mercantile Islami Insurance PLC and has remained actively involved in the capital market through the Dhaka Stock Exchange.
Mr. Haque holds substantial interests in Shamol Bangla Media Ltd, the parent company of BanglaVision, one of Bangladesh's leading 24-hour satellite television channels, and has served as its Chairman since the company's incorporation in 2005. He is also Chairman of M.M Communications Limited, a leading Interconnection Exchange (ICX) operator, and has served as an elected Member of the Executive Committee of the Association of Television Channel Owners (ATCO) since its formation.
In the insurance sector, he has been consecutively elected Chairman of Mercantile Islami Insurance PLC for more than a decade. In the capital market, he was elected Vice Chairman of the Dhaka Stock Exchange in 1996, Senior Vice Chairman in 2002 and President in 2008, and served as an elected Board Member of the exchange for nearly two decades.
Widely travelled, he has taken part in numerous international conferences on capital markets and global commerce, and is recognised for his support of charitable, educational and social welfare initiatives in Bangladesh.
M. Kamal Uddin
Profile
Mr. M. Kamal Uddin was born in 1955 in Chattogram into a respected Muslim family, and is widely known in the business community at home and abroad.
He is an honourable sponsor of Mercantile Islami Insurance PLC and served as the elected Chairman of its Board of Directors for nine consecutive years, playing a vital role in the establishment, development and continued progress of the company since 1996. He is now Adviser to the company.
He is the Managing Director of Chittagong Builders & Machinery Ltd., Merchant Securities Ltd., China Builders & Machineries Ltd., Sifang Machine House Ltd., Merchant Auto Ltd., CBM Parts House, CBM Consortium, CBM Housing Ltd., MABA Ltd. and South Green Ltd.
He is also a Director of Central Hospital Ltd., Sifang Securities Ltd., HURDCO International School and Universal Health Services & Research Ltd., and is a TREC Holder of Dhaka Stock Exchange PLC.
A. M. Ershad Chowdhury
Profile
A. M. Ershad Chowdhury is a financial services and technology professional with over 19 years of international experience across banking, insurance, capital markets and information systems in Bangladesh and the United Kingdom. He specialises in data-driven transformation, corporate governance, risk management and the strategic use of technology to strengthen financial institutions.
As Vice Chairman of Mercantile Islami Insurance PLC, he provides strategic leadership, board-level governance and direction on sustainable insurance and re-insurance operations. He has led strategic planning, maintained full IDRA regulatory compliance, managed a diversified investment portfolio and introduced innovative products including cyber insurance.
Previously a Senior Consultant at Deloitte in London, he contributed to Lloyd's of London's Blueprint Two initiative, delivering technology-led solutions that improved speed, transparency and operational resilience across the market. His international career includes advisory engagements with RBS, UBS, Aviva, AXA, Friends Life, SONY, General Electric, Equiniti and RSA Insurance Group, and roles at RSA and Aviva managing global reinsurance data, EML and PML exposure assessments and policy administration systems.
He champions sound governance and growth rooted in Islamic finance principles, robust credit risk frameworks and accessible financing for SMEs, which he regards as a cornerstone of employment and financial inclusion.
He holds an MBA in Finance from the University of Glasgow and a BSc (Hons) in Information Systems from the University of Greenwich, England. He also runs a real estate business in the United Kingdom and invests as an independent stockbroker on the London Stock Exchange and global capital markets.
Mohammad Nabi Ullah
Profile
Mr. Mohammad Nabi Ullah is the immediate past Chairman of Mercantile Islami Insurance PLC and now serves as Chairman of the company's Executive Committee. He was born into a respected Muslim family of Dhaka and is involved in business houses across various sectors.
He is the Managing Director of United Leather Industries (Pvt.) Ltd., United Plastic Industries (Pvt.) Ltd., United Textile Mills, M. Hossain Spinning Mills (Pvt.) Ltd. and M. Hossain Cotton Spinning Mills (Pvt.) Ltd.
He has long supported Islamic educational institutions and service-oriented organisations, including madrasas, mosques and hospitals, and contributes generously to helping poor and distressed communities. He has performed Hajj and Umrah many times.
He has travelled widely for business promotion, including to China, Singapore, Malaysia, Taiwan, Thailand, the USA, the UAE, Australia, Indonesia and the Middle East.
Al-haj Abdul Mannan Mazumder
Profile
Mr. Abdul Mannan Mazumder, son of Al-haj Md. Abdul Hai Mazumder, was born in 1956 in Feni District. He has earned a strong reputation in the business community for his integrity, with business interests in electronics, trading and C&F agency.
He is actively involved in socio-cultural work as Chairman of Radhanagar High School in Chhagalnaiya, Feni; Founder of North Adharmanik Madrasha & Eteemkhana; Vice-President of Feni Zilla Samity, Chittagong; and a Member of the Executive Committee of Shamsul Karim College, Chhagalnaiya.
He has travelled to the UK, the UAE and Saudi Arabia for business promotion, and has performed Hajj and Umrah many times.
Md. Salam Obaidul Karim
Profile
Mr. M. S. Obaidul Karim is an Independent Director of Mercantile Islami Insurance PLC and Chairman of its Nomination and Remuneration Committee.
He is the Chairman of Salvo Chemical Industry Limited and is actively involved in the textile sector. He holds an M.Com. in Business Management from the University of Dhaka, is associated with several socio-cultural organisations, and has travelled to many countries for business promotion.
Hasan Uddin Sikder
Profile
Mr. Hasan Uddin Sikder is an Independent Director of Mercantile Islami Insurance PLC and Chairman of its Audit Committee.
He was born into a respected Muslim family in Dhaka in 1949, and is the proprietor of Green Machinery Store, Shahir Enterprise and Greentex.
Md. Serajul Islam
Profile
Mr. Md. Serajul Islam, son of Late Hafiz Ahmed, was born in 1949 in Comilla. He obtained his Master's degree from the University of Dhaka and built wide experience across different businesses, earning a reputation for integrity.
He was formerly a Director of Sadharan Bima Corporation and was elected a member of Comilla Zila Parishad.
He is associated with Homna Degree College, is a founder member of Ramkrishnapur College, Homna, and has founded a number of schools and Islamic educational institutions in Homna, Comilla. He has attended world business conferences in Asia, Europe and the USA.
Md. Mizanur Rahman Ph.D
Profile
Dr. Al-Mizan bin Latif (Md. Mizanur Rahman) is a sponsor Director of Mercantile Islami Insurance PLC. He was born in Gopalganj town, where his father, Al-hajj M. A. Latif, was a well-known Headmaster of the Government High School and a District Education Officer.
He holds an LL.B. from the University of Dhaka and an MBA and Ph.D. from California, USA. He is a Senate life member and registered graduate of Dhaka University, and a member of several clubs and societies in Dhaka and Gopalganj.
He served as Vice-Chairman of Mercantile Islami Insurance PLC (2001–02, 2008–09 and 2016–18), Chairman of the Audit Committee (2011–12) and Chairman of the Executive Committee (2013–15).
He is the Chairman of AL-MIZAN Group, AL-MIZAN Foundation, AL-MIZAN Properties, AL-MIZAN Overseas, AL-MIZAN Travels, Tulip Studio Park and AL-MIZAN Multimedia, and was Founder-Editor and Publisher of 'The Dainik Prime'. He performed Hajj in 2009 and Umrah many times, and has travelled widely across Asia, Africa, Europe, the UK, America and Australia.
Abdur Rahman
Profile
Mr. Abdur Rahman, son of Late Haji Abdul Kader, was born in 1950 in Dhaka. Through sincerity, integrity and hard work he has become a successful business personality involved in a number of industries and business houses.
He is a founder Director of Mercantile Islami Insurance PLC, Chairman of Evergreen Group of Companies and a Member of Dhaka Stock Exchange PLC. He has travelled to the UK, USA, Australia, Germany and Switzerland for business promotion.
Al-haj Mohammed Solaiman
Profile
Al-haj Mohammed Solaiman, son of Late Al-haj Ahmedur Rahman, was born in 1958 into a respected Muslim family of Chattogram. He holds a Bachelor of Arts (Honours) and a Master's degree in Public Administration, and has built a successful career in insurance, healthcare, trading and education.
He is a Director of Mercantile Islami Insurance PLC and previously served as Chairman of the company for three consecutive years.
He is the Chairman of HURDCO International School and Managing Director of Paradise Corporation (Pvt.) Ltd. He is also a Director of several healthcare institutions, including Central Hospital Ltd., Eden Multicare Hospital Ltd., Epic Health Care and Dhaka Imperial Hospital.
He is a member of Chittagong Club, Army Golf Club Dhaka and Chittagong Boat Club, and a life member of several social organisations. He has travelled widely, including to China, India, Singapore, Thailand, the United Kingdom, the USA, Hong Kong and Saudi Arabia.
Shajjad Mustafa
Profile
Mr. Shajjad Mustafa is a Director of Mercantile Islami Insurance PLC. Born in Dhaka into a renowned Muslim family, he obtained his MBA with first class from the University of Dhaka in 2007 and began his career as an entrepreneur.
He is the Chairman of Sifang Builders Ltd. and China Consortium Ltd., and Deputy Managing Director of CBM Group. He is associated with CBM Pumps & Pipe Co. Ltd., Merchant Securities Ltd., Sifang Machine House Ltd., CBM Holdings Ltd., CBM Parts House Ltd. and Merchant Auto Ltd., and is the Proprietor of Buildtec Corporation.
He is actively involved with a number of social welfare organisations.
Nurul Azim Sunny
Profile
Mr. Nurul Azim Sunny is a Director of Mercantile Islami Insurance PLC. He is the son of Al-haj Md. Nurul Amin and Mrs. Ifat Akter Alin.
He is a Director of Electro Mart Ltd. and Trade International Industries Ltd., and Proprietor of Azim Enterprise. He obtained his BBA from North South University, Dhaka, and a Master of Accounting from Macquarie University, Australia.
He has travelled to many countries for business development and is involved with various socio-cultural organisations and educational institutions.
Azad Mustafa
Profile
Mr. Azad Mustafa is a Director of Mercantile Islami Insurance PLC and a young, rising businessman, born into a respected Muslim family in Dhaka. He is the younger son of Mr. M. Kamal Uddin.
He is the Managing Director of Sifang Builders Ltd., China Consortium Ltd. and Merchant Auto Ltd., a Director of CBM Group, and Proprietor of CBM Traders. He is associated with a number of socio-cultural activities and has travelled to many countries.
Mohiuddin Ibnul Arabi
Profile
Mr. Mohiuddin Ibnul Arabi is a Director of Mercantile Islami Insurance PLC. He is the Chairman of China-Bangla Consortium Ltd., Managing Director of Chitech Crafts Ltd., and a Director of Chittagong Builders & Machinery Ltd., Sifang Machine House and CBM Foundation. He is also the proprietor of South Green Ltd.
He is a member of the Bangladesh Electrical Motor Pump Importers & Manufacturers Association and Nawabpur Welfare Association, and is associated with a number of educational, cultural and service-oriented organisations.
Ahmed Rafaee Alif
Profile
Mr. Ahmed Rafaee Alif is a Director of Mercantile Islami Insurance PLC. He is the son of Mr. M. Nasir Uddin, Director of Al-Arafah Islami Bank PLC and a former Director and Executive Committee Chairman of Mercantile Islami Insurance PLC.
He is the Managing Director of Chartered Holdings Ltd. and China Bangla Consortium Ltd., Proprietor of Agrotech Corporation, and a Director of Chittagong Builders & Machineries Ltd. and CBM Foundation. He is an energetic businessman in the capital market and is involved in social and educational activities.
Shafique Ahmed
Profile
Mr. Shafique Ahmed is a Director of Mercantile Islami Insurance PLC. He was born in 1968 into a respected Muslim family in Chattogram.
He is the proprietor of Shafique Enterprise (Krishi Prokalpa) and a member of Nawabpur Welfare Association, Bangladesh Agricultural Machinery Association and Chattogram Samity Dhaka. He is associated with many socio-cultural organisations and has visited many countries for business and religious purposes.
Monjura Shehely
Profile
Ms. Monjura Shehely is a Female Independent Director of Mercantile Islami Insurance PLC. She was born in 1972 into a respected Muslim family in Chuadanga, where she completed her graduation.
She is the Chairman of Molla Import Export Company (Pvt) Ltd. and the proprietor of Monjura International Trading, and has been involved in trading for many years, visiting many countries for trade promotion.
Firoz Ahmed
Profile
Mr. Firoz Ahmed is the Managing Director & Chief Executive Officer of Mercantile Islami Insurance PLC. He obtained his B.Sc. (Hons) and M.Sc. from the University of Dhaka and began his career at Central Insurance Co. Ltd.
He joined Mercantile Islami Insurance PLC in 1996. On 3 January 2018 the Insurance Development & Regulatory Authority (IDRA) approved his appointment as Chief Executive Officer, and he has led the company since then.
He is associated with several socio-cultural and welfare organisations in rural and urban areas, and has travelled to India, Malaysia, Thailand and Saudi Arabia.