MCB Islamic Bank has appointed Hammad Khalid as its President and Chief Executive Officer. He steps into the role after Zargham Khan Durrani. The board made this decision to support the bank’s future growth plans. Many in the industry see it as a smart, forward-looking move.
Khalid already knows the organization well. He joined the Board of Directors in June 2022. Since then, he has helped guide strategy and improve governance. As a member of the Institute of Chartered Accountants of Pakistan (ICAP), he brings strong credentials. Moreover, he spent over 16 years at MCB Bank Limited. In his last role there, he served as Chief Financial Officer. He handled important tasks such as capital planning, regulatory rules, and key decisions. At the same time, he represented the bank at major events both in Pakistan and abroad. His skills in risk control, financial oversight, and daily operations helped the bank grow steadily and stay strong.
Khalid also holds board seats at other respected firms. For example, he serves on the boards of 1LINK (Pvt.) Limited, MCB NBCO Azerbaijan, and MCB Exchange. These positions show his wide experience across finance.
Solid Network and Recent Results
MCB Islamic Bank is fully owned by MCB Bank. It runs 307 branches and two sub-branches all over Pakistan. The bank performed well recently. It earned Rs1.7 billion in profit during the first nine months of last year. Therefore, the institution enters this leadership change with good momentum.
Overall, stakeholders welcome the appointment. They believe Khalid’s deep knowledge and proven record will help the bank serve customers better. Many expect more innovation and steady progress in Shariah-compliant services ahead.
