Group Chief Financial Officer · Aman Group Ltd.
Group Chief Financial Officer

Md. Rafiqul Islam

Strategic finance leader with extensive experience leading finance transformation, business strategy, treasury optimisation and corporate governance across large conglomerates and multinational organisations — currently Group CFO at Aman Group Ltd.

FCMACIMA, UK
CGMAAICPA, USA
CPACPA Australia
Md. Rafiqul Islam, Group CFO, Aman Group Ltd.
17+Years in Finance
18,000+Employees in Scope
200+Finance Professionals Led
31+Business Units
Portrait of Md. Rafiqul Islam
Profile at a Glance
Current RoleGroup CFO
OrganisationAman Group Ltd.
SinceAugust 2023
ChartersFCMA · CGMA · CPA
Based inDhaka, Bangladesh
Professional Summary

A trusted advisor to Boards, Chairmen and CEOs — driving strategic decision-making, capital efficiency and sustainable growth.

Md. Rafiqul Islam is the Group Chief Financial Officer of Aman Group Ltd., one of Bangladesh's most diversified conglomerates, where he leads finance strategy across business units employing more than 18,000 people. His career spans conglomerates, multinationals and professional services — from Deloitte and Nokia Networks to City Group, AK Khan Group and now Aman Group.

A Fellow of the Chartered Institute of Management Accountants (UK), a Chartered Global Management Accountant (AICPA, USA) and a Certified Practising Accountant (CPA Australia), he brings together management accounting, international financial reporting and strategic finance in a single discipline — with a proven track record of serving as a trusted advisor to Boards, Chairmen, CEOs and senior leadership teams.

He is recognised for building high-performing finance teams, optimising organisational efficiency and creating strong cross-functional collaboration cultures that deliver measurable business results.

Md. Rafiqul Islam
FCMA (UK), CGMA, CPA (Aust.) · Group CFO, Aman Group Ltd.
Areas of Expertise

Core competencies across corporate finance

Strategic finance, capital and risk, and the leadership disciplines that turn them into results.

Strategy & Leadership

  • Group Finance Leadership
  • Strategic Planning & Business Partnering
  • Team Development & Leadership
  • Performance Management (KPI, RACI, SMART Goals)

Deals & Capital

  • Mergers & Acquisitions (M&A)
  • Commercial Due Diligence
  • Capital Raising & Project Financing
  • Treasury & Working Capital Management

Governance & Reporting

  • Financial Planning & Analysis (FP&A)
  • Risk Management & Internal Controls (COSO / SOX)
  • ESG & Integrated Reporting
  • Investor Relations
  • Digital Transformation & ERP Implementation
Industry Exposure
FMCGTelecomMultinational (MNC) CementRMGSpinning & Accessories Food & BeveragePublic Listed Companies Shared ServicesTax & AdvisoryAgro FeedPoultry & HatcheryJute International TradingEconomic Zone / EPZ PackagingShipyardCold Storage
Professional Experience

A career built on financial leadership

Progressive roles across conglomerates, multinationals and professional services since 2008.

Aug 2023 – Present
Current
Group Chief Financial Officer
Aman Group Ltd. · Dhaka, Bangladesh

Industry coverage: Cement · RMG · Spinning · FMCG · Feed · Poultry · Agro · Jute · Trading · Packaging · Shipyard · Cold Storage · Economic Zone

  • Lead finance strategy across diversified business units employing 18,000+ employees
  • Oversee financial planning, treasury, reporting, governance and investment decisions
  • Provide strategic insights to the Board and Chairman on risk, return and expansion opportunities
  • Lead project financing initiatives and strategic acquisitions
  • Manage and develop a finance team of 200+ professionals across 31+ business units
  • Drive finance transformation and operational-excellence initiatives
Key Achievements
  • Significantly improved regulatory compliance within a short period
  • Reduced finance operational expenses by 13%
  • Supported revenue growth through strategic acquisitions
  • Secured major credit facilities and arranged financing for complex projects
Jun 2019 – Aug 2023
Head of Finance (Group)
AK Khan Group · Dhaka, Bangladesh
  • Led group finance, treasury, reporting and FP&A functions
  • Advised the CEO, Executive Committee and Board on strategic decisions
  • Optimised investment portfolios across T-bills, T-bonds, FDRs, equities and JV investments
  • Led budgeting, forecasting and variance-analysis processes
  • Ensured timely statutory audits with KPMG Rahman Rahman Huq
  • Managed financial operations of major joint ventures:
Coats BangladeshCEAT TirePenfabricAKTL
Key Achievements
  • Developed financial models that enabled investment in Grameenphone shares at historic lows during 2019–2020
  • Increased annual revenues through strategic initiatives
  • Improved margins by 23% through portfolio optimisation
  • Generated strong returns through strategic treasury decisions during COVID-19
Jun 2019 – Aug 2023
CFO & Company Secretary
M.Y. & Union (BD) Ltd. · Concurrent with AK Khan Group
  • Led long-term financial planning and governance
  • Regularised overdue loan instalments
  • Presented financial reports to management and the Board
  • Improved SOPs across Finance, Procurement, HR, Admin and IT
  • Led ERP implementation initiatives
Key Achievements
  • Resolved long-pending tax matters
  • Successfully managed COVID stimulus loan facilities
  • Contributed to 37% sales growth post-COVID
  • Implemented Transfer Pricing audit and compliance
Sep 2018 – Jun 2019
Unit Head of Finance / Finance Manager
City Group · Dhaka, Bangladesh
  • Led finance operations for major FMCG brands
  • Managed budgeting, profitability analysis, treasury, receivables and reporting
  • Partnered with sales, marketing, procurement and supply-chain teams
  • Improved operational efficiency through restructuring initiatives
Dec 2010 – Aug 2018
Financial Controller
Nokia Networks Bangladesh Ltd. · Multinational
  • Led FP&A, financial controlling and business reporting
  • Managed country-level monthly financial reporting to APAC and Finland HQ
  • Led SOX compliance implementation
  • Managed treasury, FX hedging and banking relationships
  • Ensured successful completion of statutory audits by KPMG
Sep 2010 – Dec 2010
Executive
New Zealand Dairy Products Bangladesh Ltd.
  • Prepared business performance reports and conducted P&L analysis
  • Managed reconciliations and reporting
Nov 2008 – Sep 2010
Accountant
Deloitte Bangladesh · Professional Services

Handled accounting assignments for multinational clients:

Coca-Cola Far East Ltd.Sony Ericsson International ABNovartis Bangladesh Ltd.
Qualifications & Education

Three internationally recognised charters

Professional membership across the UK, USA and Australia — underpinned by three finance degrees.

FCMA

Fellow Chartered Management Accountant

Chartered Institute of Management Accountants (CIMA), United Kingdom

Fellowship · CIMA UK
CGMA

Chartered Global Management Accountant

American Institute of Certified Public Accountants (AICPA), United States

Designation · AICPA USA
CPA

Certified Practising Accountant

CPA Australia

Member · CPA Australia
Academic Background
MPF

Master of Professional Finance

CGPA 3.58 / 4.00

University of Dhaka
MBA

MBA in Finance

CGPA 3.58 / 4.00

Independent University, Bangladesh (IUB)
BBA

BBA in Finance

CGPA 3.70 / 4.00

Presidency University

Awards & Scholarships

  • Received an 80% university scholarship
  • Ranked among the top five students in college academic performance

Technology & Systems

  • Financial Modelling & Advanced Excel
  • SAP · Salesforce · Tally · ZAB
  • ERP Implementation & Digital Transformation
Selected Achievements

Measurable results across the career

Where financial leadership delivered lasting, quantifiable impact.

13%

Reduction in Finance Operating Expenses

Drove finance transformation and operational-excellence initiatives at Aman Group, cutting finance opex while improving regulatory compliance within a short period.

23%

Margin Improvement through Portfolio Optimisation

At AK Khan Group, optimised investment portfolios across T-bills, T-bonds, FDRs, equities and JVs — and built the models that enabled Grameenphone investment at historic lows in 2019–20.

37%

Post-COVID Sales Growth

As CFO & Company Secretary of M.Y. & Union (BD) Ltd., managed COVID stimulus facilities, resolved long-pending tax matters and implemented Transfer Pricing compliance.

200+

Finance Professionals Across 31+ Business Units

Leads and develops the group finance organisation at Aman Group, supporting 18,000+ employees across cement, RMG, FMCG, agro, shipyard and economic-zone businesses.

Building high-performing finance teams, optimising organisational efficiency and creating strong cross-functional collaboration cultures that drive measurable business results.

Md. Rafiqul Islam · Group CFO, Aman Group Ltd.
Contact

Let's connect

Open to board advisory, speaking engagements and select consulting mandates on group finance, governance and financial transformation.