The Credit Rating Agency of Bangladesh Limited (CRAB) has expressed profound sorrow over the death of its founding director, Md. Matiul Islam.
In a statement on Thursday, CRAB described Matiul Islam as a visionary leader who played a pivotal role in shaping Bangladesh’s financial landscape. His guidance was instrumental in establishing CRAB as a high-standard credit rating agency in the country.
“The CRAB board, management team, and staff extend their heartfelt condolences to the family and well-wishers of Md. Matiul Islam,” the statement said.
Matiul Islam, who was also the first Finance Secretary of independent Bangladesh, passed away at his residence in Dhaka on Thursday morning. He was 95.