Dhaka, May 24 -- Professor M Zubaidur Rahman, Chairman of Islami Bank Bangladesh PLC, resigned from his post on Sunday.

Rahman submitted his resignation letter to Bangladesh Bank.

The bank's Managing Director, Md. Omar Faruk Khan, who was also on leave, reportedly submitted his resignation to the board of directors.

However, no final decision has been made regarding the MD as today's scheduled board meeting was canceled.

According to central bank sources, tension escalated following the assumption of office by the new government and appointment of Mostaqur Rahman as the Governor of Bangladesh Bank.

Disputes arose between central bank officials and Islami Bank's top management over several key decisions.

Amid these disagreements, the...