Mr. Md. Nazmus Saadat has been appointed as the Deputy Managing Director of Social Islami Bank Plc., bringing with him an impressive 27-year legacy in Islami banking. Beginning his career in 1995 as a probationary officer at Islami Bank Bangladesh Limited, Mr. Saadat served with distinction across various departments of Local Office & Foreign Exchange Branch of the institution for 12 years. His expertise was further demonstrated in Al-Arafah Islami Bank, where he successfully held leadership roles as the Manager of Dilkusha and Motijheel Branch, and Head of Marketing & Business Development Division, and Corporate Investment Division of Head Office.
Since joining Social Islami Bank in 2014, Mr. Saadat has skillfully led the Investment Risk Management Division and served as the Manager of Principal Branch, consistently showcasing his talent and strategic insight.
After the hostile take-over of the Bank by S Alam Group in 2017, Mr. Saadat resigned SIBPLC in 2020 in order to avoid various anomalies. After that he worked as a financial advisor of Monno Group. He was also Independent Director and Chairman of the Audit Committee of Monno Fabrics Limited, and Monno Agro & General Machinery.
After the changed scenario on August 05, 2024, the Bank was freed from the control of S Alam Group, and Bangladesh Bank restructured the Bank’s Board. The newly-formed Board appointed Mr. Md. Nazmus Saadat as SEVP and he then takes over the responsibility as head of Managing Director’s Secretariat & Investment Wing. Recognizing his exceptional skills and qualifications, the Board subsequently has promoted him to the position of Deputy Managing Director
Mr. Saadat holds a Bachelor’s (Honors) and a Master’s degree in Islamic Studies from University of Dhaka, complemented by an MBA in Finance & Banking from the University of Information Technology and Sciences.
His commitment to professional growth has seen him participate in numerous international banking workshops, notably in Malaysia, China, Saudi Arabia, UAE, Singapore, Thailand, Nepal & India. Dedicated to upholding the values of Social Islami Bank, Mr. Saadat remains steadfast in his commitment to guiding the institution toward long-term success.
