Board of Directors

The Millennium Board comprises highly experienced individuals who have been directly involved in the Banking and Infomation Technology sectors for decades. With their expertise, especially in Islamic Shariah principles, Ababil has achieved the distinction of being amongst the top 10 Islamic Banking solutions in the world. Read on below to know more about our directors, the team behind Millennium`s successful journey.

Mr. Abdus Samad Chairman

Mr Abdus Samad was born in 1967 and completed his bachelor degree in Business Administration. He joined AI Arafah Islamic Bank Ltd. (AIBL) in 2003 as a Founding Director and is currently serving as Chairman of the Banks' Executive Committee.

Mr Abdus Samad Labu is a renowned name in the business arena of the country and manages various business houses in different capacities. He is the Vice-Chairman of S. Alam Group, one of the largest conglomerates in the country. He is also Vice-Chairman of Ekushey Television (ETV). Mr Samad is a philanthropist involved in many social welfare and humanitarian concerns. He is an executive member of Baitus Saraf foundation and Chattogram Samity, Dhaka.

Mr. Niaz Ahmed Vice Chairman

Mr. Niaz Ahmed was born in 1963. He completed his MCom in accounting and also earned a Bachelor degree in Law. He joined AIBL in 2010 and worked with different committees of the Board.

He is actively associated with Golden Oil Mills Limited, Savoy Ice Cream Factory Ltd., AIBL Capital Market Services Limited, Islami Commercial Insurance Co. Limited, South East University, Bangla Tel Limited, BD Link Communication Limited, Jibondhara Solution Limited, Golden Trading Corporation and Khaja Corporation in different capacities.

Mr. Khalilur Rahman Director

A living legend and stern visionary, whose entrepreneurial effort, dreams and struggles have resulted in one of the largest business conglomerates of the region, employing more than 30,000 people globally. He is the Chairman of KDS Group, Mr Khalilur Rahman. 

Mr Khalilur Rahman is a Bachelor of Science in Management and a renowned industrialist and Commercially Important Person (CIP). He has got a wide range of work involvement at home and abroad. He has business links with the USA, Canada, Europe, Scandinavian Countries, Japan, South Asian Sub-Continent, Korea, Singapore, Taiwan, China, Germany, South Africa, Vietnam, Liberia, Fareast and the Middle East.


Mr. Salim Rahman Director

Mr Salim Rahman hails from a respectable Muslim family of Chattogram. His Father Mr Khalilur Rahman is a prominent businessman and founder of KDS Group, one of the largest industrial groups in the country. Currently, Mr Rahman is the Managing director of KDS Group, which consists of KDS Garments Industries Ltd., KDS Accessories ltd., KDS apparels Ltd., KDS Logistics Ltd., KDS IDR Ltd., KDS Textiles Ltd., KYCR Coil Industries Ltd., Steel Accessories Ltd., KDS Poly Industries Ltd. He held the position of Director of another bank for 15 years before joining as Director of Al-Arafah Islami Bank Limite. Mr Rahman has earned his Master's in Business Administration from the USA.

Mr. Badiur Rahman Director

Mr. Rahman was born on 10th March of 1953. After graduation in 1971 he has completed Chartered Accountancy courses. He started his career with a reputed shipping agency and served till 1983 in different capacities. After that he started his own business in 1983 as shipping agents in Bangladesh ports. He is a successful shipping personnel doing Chartering, Shipbroking etc.

In 1995 he along with other respectable business personalities established Al-Arafah Islami Bank Limited (AIBL). Since inception he served AIBL in multiple capacities and elected the Chairman of the Board of Directors in the year 2008. During his tenure as Chairman he established & acquired all the subsidiaries of AIBL like AIBL Capital Market Services Limited, AIBL Capital Management Limited, Millennium Information Solution Limited.

Kh. Mesbahuddin Ahmed Director

Mr Ahmed is a Director of Al Arafah Islami Bank Limited and former Chairman of Eastern University Trust.

Mr. M. Emadur Rahman Director

Mr Mohammed Emadur Rahman is a CIP who is serving as Deputy Managing Director, Al Haramain Perfumes Group of Companies; one of the highest remittance sending entities in the country.

Mr Emadur Rahman is serving as Managing Director of Rich & Ruitz Perfumes Ind. LLC – France and UAE, Managing Director of Al Halal Perfumes Ind. LLC – UAE, Managing Director of Al Haramain Tea Co. Ltd. – Bangladesh, Director of Al Arafah Islami Bank Limited – Bangladesh and CEO of 4 Corners Distribution UK Ltd. – UK.

Mir Mahfuz ur Rahman Director

Mr. Mahfuz ur Rahman is an experienced corporate finance advisor in Bangladesh having experience in advising international companies, including Lafarge Cement (France), Brightstar (USA), Marico Industries (India), Dabur Group (India), Emami Limited (India), Aditya Birla Group Ultratech Cement (India), ROHTO (Japan), Oji Paper (Japan), in M&A and IPO strategy and execution in Bangladesh.

He was previously the Head of Merchant Banking for Equity Partners Limited, a Bangladesh based merchant bank, where he executed 10 IPOs over 5 years in this country. Prior to that, he was an Analyst in Corporate Finance at Lehman Brothers in New York and an Associate with Peregrine Capital in Dhaka.

He was also a founder of a leading software integration company and of a data communication service provider in the country. He has a B. A. degree (magna cum laude, Phi Beta Kappa) in economics and international relations from Dickinson College, Carlisle, Pennsylvania, USA, and a M. A. (Distinction) in International Relations and Economics from SAIS, Johns Hopkins University, USA.

Mr. Fokhruz Zaman Director

Mr. Zaman is also a member of the Millennium founding team. Mr. Fokhruz Zaman provides strategic technology directions and creative inputs to Millennium's software development projects. His forward-thinking vision has resulted in strategic, best-of-the-breed solutions for local and global companies.

In total, he has more than 16 years of experience in Software R&D, Production and Management in the global software industry. Mr. Zaman was the Software Manager for Bell Atlantic R&D Asia Lab. He holds a B.S. in Electrical Engineering from BUET and an MBA from Dhaka University with a concentration in finance.

Mr. Md. Iftear Zahid Director

Mr. Md. Iftear Zahid earned B.Sc. (Computer Science and Engineering) from Bangladesh University of Engineering and Technology, Dhaka. He has 15 years of experience in the field of Software Development, Analysis and Software Management

Mr. Zahid possesses expertise in transforming concepts into usable software products while contributing in every stage of this transformation process, software architecture, Java/JavaEE based technologies. He is also capable of leading software product development team and managing onshore and offshore teams across the globe. Apart from these he is a passionate IT entrepreneur and founded a number of successful IT companies in USA and Bangladesh

Mr. Zahid presently serving numerous organizations in the different roles including at Jenzabar as Consultant, OnAir Technologies Ltd and Innovation Search LLC as Co-founder, SocialBetworks LLC as CTO, Millennium Information Solution Ltd as Software Architect etc

He joined MISL as a fulltime software engineer and became a member of board in 2001. He is involved in strategic decision making process and reviewing performance of the company periodically.

Mr. Zahid possesses expertise in software design and development, business strategy, web services, agile methodologies, java etc

Mr. Md. Didarul I. Chowdhury Director

Mr Chowdhury is a director of MISL and a prominent NRB business professional residing in Qatar.

Mr. Shah Abrar Faiyaz Director

Mr Faiyaz is one of the new generation BOD members at Millennium Information Solution Limited.

Mr. Fazley Wali Ahmed Director

Mr Fazley Wali Ahmed is one of the new generation BOD members at Millennium Information Solution Limited, representing KDS Group. He completed his graduate studies at King's College London and then his Masters from Northumbria University.

Mr. Md Harun-ur Rashid Director

Mr Rashid is a member of the Board of Directors, Millennium Information Solution Limited and an eminent personality in the industry serving as Chairman of Bridge Holdings Limited, Managing Director of Textile Associates Limited and Vice Chairman of Synesis IT.

Mr. Farman R Chowdhury Director

Prominent Banker Mr Farman R Chowdhury is an AIBL nominated Director at MISL. He is the current Managing Director & CEO of Al-Arafah Islami Bank Limited. Prior to this, he served as the Managing Director & CEO of Shahjalal Islami Bank Limited and ONE Bank Limited for 5 and 6 years respectively.

Mr Chowdhury, an MBA from IBA, University of Dhaka, began his banking career in1986 as a Management trainee in American Express Bank, serving there for 12 years in various capacities. Over the course of his corporate journey, he has amassed vast experience and training at home and abroad. He also attended many seminars, workshops and symposiums relating to Banking and finance during his long career.

Mr. Nurul Fazal Bulbul Independent Director

Mr Bulbul is an Institution builder and socio-business leader having co-founded EXIM Bank Ltd., Sunlife Insurance Co., Japan-Bangladesh Medical Associates, Ei Floor Group etc. He is Vice Chairman of Central Depository Bangladesh Ltd. (CDBL), Director of Infrastructure Investment Facilitations Company (Govt. owned PPP service Provider Company) since 2011 and Director of Infrastructure Development Company Limited (IDCOL). He is the Advisor of Japan-Bangladesh Hospital, Sunlife Insurance Co., AML Group and Doreen Power Generation Co. etc. He served as Founder Board Audit Chairman of EXIM Bank for more than a decade. He was the Director of FBCCI, SAARC Chamber of Commerce and Industry, OIC Business Forum, Central Zakat Board and FBCCI Foundation. In the mid-1990s he served as Group Management Consultant / Advisor of Akij Group, Navarra Group, Padma-Sonali Group & Swedish Motors. He has achieved CIP status 4 times to date.

Mr. Mahmud Hossain Managing Director

Mr. Mahmud is one of the pioneering members of the Millennium founding team. As the Managing Director, Mahmud provides creative direction and oversees the implementation of Millennium's client-driven solutions. He leads the development and implementation of Millennium's corporate marketing initiatives as well as corporate strategy and business plan. With applied knowledge in IT disciplines for more than 27 years, Mahmud addresses the business domain as well as the technical aspects of customers' problems. Previously, he had worked as the Technical Manager for medium to large national and international projects. He also served as a consultant to many Multinational Corporations as well as numerous projects of reputed International companies.

Mr. Mahmud earned a B.S. in Electrical Engineering from the University of New Mexico, Albuquerque, USA. He also earned an MBA through Commonwealth of Learning, Vancouver, Canada and BOU with concentration in Corporate Finance.