Development agencies at home and abroad who desire to make a real contribution to poverty reduction in Bangladesh and see virtue in the promotion of small and ultra-small enterprises to generate employment to that end, have the best option in joining hands with MIDAS.

MIDAS Board of Director

Mr. Anjan Chowdhury


Mr. Anjan Chowdhury is a successful businessman of Bangladesh who is best known for his visionary personality and as a pioneer who believes in dynamism and empowerment as the core behind every success. His consistent preference is precision and discipline in his organizations. He is one of the key stakeholders of SQUARE GROUP-the leading business conglomerate in Bangladesh. Currently he is the Managing Director of Square Toiletries Ltd., Chairman of Maasranga Productions Ltd., Director of Square Pharmaceuticals Ltd., Square Textiles Ltd., Square Hospitals Ltd. He was recognized by the Government of Bangladesh as a CIP in different years since 2005 and Very Important Taxpayer since 2008 for his continuous contribution to the economic development of the country. Mr. Anjan Chowdhury is the youngest child of Late Samson H Chowdhury, the founder of Square Group. He completed his studies from University of South Florida in Management. Mr. Chowdhury actively participated in the liberation war of Bangladesh in 1971 as a Freedom Fighter; he was a member of Bangladesh Liberation Force (BLF). Only approximately 5000 were selected and trained as commando at the Chakrata, Dehradun cantonment in India to fight in the Bangladesh liberation war. Mr. Anjan Chowdhury was one of them. Mr. Chowdhury is a Trustee Member of Independent University of Bangladesh. He is the current Vice President of Bangladesh Olympic Association (BOA) and is a Councilor of Bangladesh Football Federation (BFF). He is the current president of BAPA (Bangladesh Agro Processors Association), Vice President of ATCO (Association of TV Company Owners), President of AOAB (Airline Operators Association of Bangladesh) etc. Mr. Anjan Chowdhury is also an Executive Committee Member of Bangladesh Golf Federation and a Director of Abahani Limited. Mr. Chowdhury was awarded the National Sports Award 2009 for his outstanding contribution in the sporting arena of the country by The Ministry of Youth & Sports. Mr. Chowdhury is also well known as a film producer having produced many feature films, short films, telefilms, single dramas and drama serials. He received the National Film Award 2010 as Best Producer in the year 2011 for his widely acclaimed feature film “Monpura” by the Ministry of Information. As a person, Mr. Chowdhury is involved in various philanthropic activities particularly focusing on the sustainable economic and educational development for the underprivileged.



Ms. Rokia Afzal Rahman is a leading woman entrepreneur and a former Adviser to the Caretaker Government of Bangladesh. Ms. Rahman started her agro-based company in 1980 and further diversified her business into insurance, media, financial institution and real estate. Ms. Rokia Rahman is the Chair and Managing Director of R. R. Group of Companies. She is also the Chair and Managing Director of Arlinks Group of Companies. She is the Chairperson of Mediaworld Ltd. (owning company of “The Daily Star”- the largest circulated English newspaper in Bangladesh) and MIDAS Financing Ltd. She is a Director of Mediastar Ltd. (owning company of “Prothom Alo”-the largest circulated Bengali newspaper in Bangladesh), ABC Radio. She is also a member of the Board of Directors of Grameenphone Ltd. and MIDAS Investment Ltd. She is currently the President of Metropolitan Chamber of Commerce and Industries–MCCI, Dhaka; Vice President of International Chamber of Commerce-ICC Bangladesh; Trustee Board Member of Transparency International Bangladesh–TIB. Ms. Rokia Rahman is the founder President of Bangladesh Federation of Women Entrepreneurs-BFWE. Ms. Rahman’s commitment to development brings her to the boards of BRAC, Manusher Jonno Foundation, SME Foundation and Campaign for Popular Education (CAMPE), etc. Ms. Rahman is the founder Chair of Presidency University Foundation, former Chair and currently Board Member of Asian University for Women – AUW, Chittagong. Ms. Rahman has received several international and national awards.

Mr. S. M. Al-Husainy


A person with a brilliant academic career, Mr. S.M.Al-Husainy studied Physics and Electrical Engineering under Calcutta University and leaving behind a lucrative job with a multinational company in India, he joined public service with the then Government of East Pakistan in 1950. Originally planned to stay for only 2 years to see what it was like in the new state of Pakistan, owing to dire shortage of qualified professional people at that time and other reasons, he worked for the Government of East Pakistan and then the Government of Independent Bangladesh for nearly 42 years. Mr. Al-Husainy’s last position in the Power sector under EPWAPDA was General Manager, Power, the highest position by which time under his leadership a very substantial network of transmission and distribution system and generation with capacity of nearly 500 MW was established starting from an insignificant base. In recognition of his contributions to public service, the then Government of Pakistan had awarded him a Tamgha–i-Quaede Azam (TQA) in 1963 and a Sitara-i-Khidmat (SK) in 1969 (since renounced in the wake of the war of Independence).  Immediately after the Independence Mr. Al-Husainy’s Services were reverted back to the Government with his appointment in January 1972 as a Secretary to the Government. The Ministries and Divisions in which he worked in that capacity included Flood Control, Water Resources and Power, Natural Resources (covering Petroleum and Minerals), Science and Technologies Research, Planning Commission (as a Member looking after Energy, Industry, Education Sectors among others) as well as the Ministry of Industries. While in Government, he served many important public sector organizations either as their Chairman or a Member of their executive bodies. To mention some, he was a Member of the Bangladesh Bank Board for many years, Bangladesh Biman, Bangladesh Shilpa Bank, Bangladesh Shilpa Rin Sangstha (the two merged later as BDBL), IPDC. He was the Founding Chairman of SABINCO and Managing Director of Bangladesh Krishi Bank. He also served as the Chairman of a large number of Financial Enterprises and also other National Institutions. Mr. Al-Husainy’s last job with the Government was as the Chairman, Bangladesh Public Service Commission, where he made a large number of very important reforms. Mr. Al-Husainy represented the country in many national and international forum and has been the chief negotiator for important aid inputs to the country from multilateral and bilateral sources. Some of his notable contributions included, among others, launching for the first time a plan for Universal Primary Education and Non-fromal Mass Education; preparing the first National Plan of Action for Education for All; introducing mathematical modeling for comprehensive energy studies; first ever Trade and Industrial Reform Policy studies; as a lead for privatization policies of industries. Acted as the main driving force for establishment of the Rural Electrification Board and Export Processing Zone Authority; launching in 1982 the New Industrial Policy and implementing the largest disinvestment program in history of Bangladesh, etc. Mr. Al-Husainy was twice the President of Institute of Engineers Bangladesh (IEB)-the highest professional body for engineers in the country. Mr. Al-Husainy had also been a senior consultant in International Organizations such as ADB, The World Bank, UNDP, UNICEF and UNESCO. He is a founder Trustee of the ESTCDT, the founding body of the Independent University Bangladesh (IUB), the first Chairman of its Governing Council. Currently Chairman of Chittagong Independent University (CIU), Vice-president of National Heart Foundation, Chairman, Bangladesh Chapter of Society for International Development (SID), Member, Executive Committee of Ahsania Mission and a Fellow of CPD. He was the recipient of IEB Gold Medal for professional excellence as well as that of Ahsania Gold Medal for Social Service. Throughout his career he has been an avid social volunteer and a dedicated Rotarian.

Ms. Parveen Mahmud, FCA


Ms.  Parveen Mahmud, FCA is the Managing Director of Grameen Telecom Trust.  This organization facilitates social business activities by addressing social issues, poverty alleviation and women’s empowerment.  Ms. Mahmud began her career with BRAC and is now a Board Member of BRAC International and BRAC Finance and Audit Committee.  She was the Deputy Managing Director of Palli   Karma- Sahayak Foundation ( PKSF),   which  is  an  apex  funding institution  of microfinance activities for poverty alleviation through employment generation. Ms. Mahmud is a chartered accountant by profession and is the past president – first woman president in the year 2011, of the Institute of Chartered accountants of Bangladesh (ICAB).  She is also the first female board member of South Asian Federation of Accountants (SAFA), a leading accounting professional body of the SAARC countries. She was also a partner of ACNABIN-one of the leading chartered accountant’s firm of the country. Ms.  Mahmud serves various boards and audit committees of distinguished organizations. She was the Chairperson of Acid Survivors Foundation. Mrs. Mahmud was the member, National Advisory Panel for SME Development of Bangladesh and founding board member of SME Foundation and Convenor, SME Women’s Forum. She is the Chairperson, Shasha Denims Ltd.

Mr. Bazlur Rahman Khan


Mr. Bazlur Rahman Khan is an Enterprise Development Specialist and Management Consultant with broad experience in financing, training, teaching, consulting, monitoring and evaluating the profitable and non-profit sectors. He taught in a number of universities and institutes. Previously, he was in senior management positions of MIDAS, MIDAS Financing Ltd, Glaxo Smithkline Bangladesh, Bangladesh Shilpa Bank and British American Tobacco. Mr. Khan is the Managing Director and CEO of Fuchs Lubricants Asia Ltd, a member of Fuchs Group, Germany. He is the Chairman of Community and Habitat Development Trust, Board Director of Agro Industrial Trust and Chairman of SS GATE Workshop (Global Asset and Technology Exchange Program of UNDP) in Dhaka. Mr. Rahman obtained his MSc in Mechanical Engineering, specializing in Thermal power from Lahore, Pakistan and BSc in Mechanical Engineering from Pakistan University of Engineering and Technology, Lahore. He is also an MBA from IBA, Dhaka University.

Ms. Sabina Alam


Ms. Sabina Alam is a prominent woman entrepreneur at the national level for more than two decades. At present, Ms. Alam is the Director of ABC Real Estates Ltd, a highly reputed construction company. She is the elected Director of Bangladesh Women Chamber of Commerce and Industry. Ms. Sabina Alam is an active member of Zonta Club Dhaka; Rotary Club of Dhaka Buriganga and Bangladesh Kennel Club. Some of the awards received by Ms. Alam include Priyo Dorshini award from the Indian Women Entrepreneurs’ Association; Begum Rokeya Shining Personality award from Narikantha Foundation and International Award for Tourism, Hotel and Catering Industry from the Trade Leaders Club, Spain. Ms. Sabina Alam has completed her graduation in English Literature from the University of Dhaka.

Mr. Abdul Karim


An MA with Honors in Economics, Mr. Abdul Karim is a former Secretary of Bangladesh Government with wide repute. He has more than 40 years of varied experience in teaching, finance and accounts, management, small enterprise promotion, administration and development banking in government departments and autonomous organizations,  such as Bangladesh Shilpa Bank (BSB), Bangladesh House Building Finance Corporation (BHBFC), Banking & Investment Wing, Finance Division, Internal Resources Division, Railway Division, Bangladesh Inland Water Transport Authority (BIWTA), Bangladesh Small and Cottage Industries Corporation (BSCIC), etc. of Bangladesh Government as a top ranking civil servant.  After retiring from the Government service Mr. Karim served MIDAS and MIDAS Financing Ltd. as Managing Director for about 20 years.

Mr. M. Hafizuddin Khan


Mr. M. Hafizuddin Khan obtained his B.A. (Honours) and M.A. Political Science from the Dhaka University in 1960 and 1961 respectively. Later on he obtained Diploma in Development Finance from the Birmingham University, UK. In 1964, he joined the government service through the then Central Superior Service Examination in the Audit and Accounts Cadre and spent twelve years in the Railway and Military Finance. In 1977 he joined the Senior Service Pool as Deputy Secretary to the Government. After serving the Government for 35 years he retired in 1999 as the 6th Comptroller and Auditor General of Bangladesh.Mr. Khan is a well-known reformer in administrative and financial management. He was Director of the Agrani Bank, Basic Bank and Rupali Bank. He was also Chairman of the Agrani Bank for a short period. He was Director Finance of the Integrated Rural Development Programme, now Bangladesh Rural Development Board and Member Finance of the Bangladesh Agricultural Development Corporation. As Joint Secretary to the Government he has served in a number of Ministries including Ministries of Works, Internal Resources Division and Local Government Division. As Additional Secretary, he has worked in the Prime Minister’s Secretariat and on being prompted as Secretary to the Government he served in the Ministries of Disaster Management & Relief and Posts & Telecommunications. Mr. Khan was made an Adviser in the Caretaker Government of 2001 in charge of the Ministries of Finance, Planning, Jute and Textiles. He is the Chairman of the Board of Trustees of the Transparency International Bangladesh, President of the Retired Government Employees Welfare Association, Vice-President of the Anjuman Mofidul Islam and Vice- Chairman of Shujan (Citizens for Good Governance). He is a devoted civil society activist working for combating corruption, establishing good governance and for political reforms.

Ms. Zahida Ispahani


Ms. Zahida Ispahani is one of the prominent faces in the sector of social activities at national level. She is an Honorary Adviser of Ispahani Islamia Eye Institute & Hospital since 2001. Ms. Zahida Ispahani was elected as an Independent Director to the Board of BRAC Bank Limited in August 2012. She was the Member of Executive Committee of Ispahani Girls School & College. She started her career as an educationalist. She had also served in the field of women’s development through her dynamic vision. She served as a Secretary for six years at the United Nations Women’s Association in Bangladesh. She was the Founder Secretary and President for two terms at the SAARC Women Association in Bangladesh. She is the spouse of Late Mr. Mirza Ali Behrouze Ispahani, the Chairperson of the conglomerate, M M Ispahani group and Former Board of Directors of MIDAS. She had been a Philanthropist through serving in several orphanages and Social and Community trusts and organizations. Ms. Zahida Ispahani is a graduate in Economics from the University of Punjab, Pakistan.

Mr Ali Imam Majumder


Mr. Ali Imam Majumder, a veteran columnist and former cabinet secretary, has been serving MIDAS as a Board Member since 2019. Mr. Majumder had obtained M.Sc. in Mathematics from Chittagong University. He joined BCS (Administration) Cadre on February 11, 1977 and served in different important positions during his long carrier. He worked as a Cabinet Secretary, Principal Secretary of prime Minister’s Office, Member, Planning Commission, Secretary, Ministry of Labour and employment, Additional Secretary, Ministry of information etc. He also acted as a Deputy Commissioner in Cox’s Bazar and Sylhet, Chairman, Board of Directors of Sonali Bank Limited and Biman Bangladesh Airlines Limited. He attended United Nations general assembly session as a delegate from Bangladesh in 2007. He received different trainings from home and abroad.

Mr. Ali Imam Majumder has involved himself in several social activities like- Honorary Member, Dhaka Club Limited, Honorary Life Member, Dhaka Officers Club etc. He is an activist and member of the Executive Committee of the SHUJAN; an independent think tank on good governance as well as a Trustee of the TIB. He visited many Countries like- USA, UK, Canada, Switzerland, Sweden, Russia, Saudi Arabia, UAE, Malaysia, china, India, Sri Lanka, Bhutan, Nepal, Japan, Thailand and Singapore.        

Dr. S.M. Akbar


Dr. S. M. Akbar at present engaged as Managing Director and CEO of a joint venture financial institution. He is having a long experience of over 40 years in Corporate and Investment Banking with different International Banks in different countries of Asia and Europe. He has developed in-depth experience on Micro/SME financing activities across Bangladesh.

Having PhD in Finance and MBA in International Finance, he has long experience in organizing new ventures, salvaging sick industries and turnaround of projects/ventures from crisis situation. Dr. Akbar is active and held positions with different Chamber of Commerce and Industries of Bangladesh. He is a part-time faculty member for MBA courses of different universities of Bangladesh on Banking and Finance. He also authored of a number of articles with various local journals and newspapers. He is an active member of various Social organizations and different Trustee boards in Bangladesh. He has received various award including Gold award from different organization for his contribution. He is a widely travelled person in Asia, Europe and America.

Dr. A. S. M. Mashi-ur-Rahman

Managing Director

Ph.D. from American World University, USA, MBA (major in Management, Marketing, HR and NGO Management) from University of Honolulu, USA and M.Sc. in Applied Chemistry & Chemical Engineering with Hons, he has more than 28 years of experience in country office management and operation, project preparation, project implementation, project management, technology transfer,  human resource development, export marketing, market survey and research, impact study, baseline survey, end line survey, material management, quality assurance, implementation, monitoring and evaluation of programs, etc. in reputed international organization, multinational companies and not-for-profit organisations in home and abroad.