MCB Bank Limited (PSX: MCB) has appointed Muhammad Nauman Chughtai as President & CEO of the Bank.
“The existing term of Mr. Shoaib Mumtaz as President & Chief Executive Officer of MCB Bank Limited (the “Bank”) is expiring on December 20, 2024. The Board of Directors in its Meeting held on December 11, 2024 has approved the appointment of Muhammad Nauman Chughtai as President & CEO of the Bank,” the bank said in a notice to the main bourse on Wednesday.
The appointment is subject to clearance of his Fit & Proper Test (FPT) by the State Bank of Pakistan (SBP). Upon the expiry of the term of the current President, i.e., December 20, 2024, Muhammad Nauman Chughtai shall also assume the charge as Acting President for a maximum period of three months or clearance of FPT by SBP, whichever is earlier.
“The Board has also placed on record its appreciation for the valuable contribution and the services rendered by the outgoing President & CEO, Shoaib Mumtaz, on completion of his term on December 20, 2024 and wished him luck for his future endeavors,” the filing added.
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Chughtai ? How disgusting people being a Muslim use cast with their names.
Nowhere in Islam does it say you cannot use names belonging to your tribe. In fact arabs to this day use their tribal names in their names. Tribes and castes are the same philosophy. Har cheez mein molvi na bana karo.
Jahilo ko samjhany ka faida to nhi. Ye un ky liya jo aqal rakhy hain.
“Allah has removed the pride of arrogance about ancestors from you. You are all children of Adam, and Adam was created from dust.”
(Sunan Abu Dawood 5116)
This is not the write place to discuss such topic i believe although your opinion based on very strong ground.
This is not the right place to discuss such topic i believe although your opinion based on very strong ground.
“He is not one of us who calls for asabiyyah (tribalism) or fights for asabiyyah or dies for asabiyyah.”
(Sunan Abu Dawood 5121)
Nauman sb appointment as president is welcoming news with right choice by MCB. Shoaib Mumtaz services as president are commendable and he has been successful in bringing lot of changes in MCB which were hardly seen previously. Good luck to Shoaib sb.