Md. Rafiqul Islam
Md. Rafiqul Islam, Group Chief Financial Officer
Group Chief Financial Officer · Aman Group Ltd.

Md.RafiqulIslam

Strategic finance leader with extensive experience leading finance transformation, business strategy, treasury optimisation and corporate governance across large conglomerates and multinational organisations.

FCMACIMA · UK
CGMAAICPA · USA
CPACPA Australia
Scroll
Career Journey
2008 — Present
Deloitte2008 Nokia Networks2010 City Group2018 AK Khan Group2019 Aman Group2023 — Now
0+Years in Finance
0+Employees in Scope
0+Finance Professionals Led
0+Business Units
Portrait of Md. Rafiqul Islam
Group CFODhaka · Bangladesh
01 — Profile
About

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.

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

Md. Rafiqul IslamFCMA (UK) · CGMA · CPA (Aust.)
02 — Capabilities

Areas of expertise

Thirteen core competencies across strategy, capital and governance — the toolkit brought to every boardroom conversation.

01
Group Finance
Leadership
Strategic PlanningBusiness PartneringTeam DevelopmentPerformance Management · KPI · RACI · SMART
02
Transactions
& Capital
Mergers & AcquisitionsCommercial Due DiligenceCapital RaisingProject FinancingTreasury & Working Capital
03
Planning
& Analysis
FP&ABudgeting & ForecastingFinancial ModellingInvestor Relations
04
Governance
& Control
Risk ManagementInternal Controls · COSO / SOXESG & Integrated ReportingTransfer Pricing
05
Digital
Transformation
ERP ImplementationSAPSalesforceTally · ZABAdvanced Excel

Industry exposure

19 sectors
FMCGTelecomMultinationalCementRMGSpinning & Accessories Food & BeveragePublic Listed CompaniesShared ServicesTax & Advisory AgroFeedPoultry & HatcheryJuteInternational Trading Economic Zone / EPZPackagingShipyardCold Storage
03 — Career

Professional experience

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

Aug 2023 — Present
Aman Group Ltd.Dhaka, Bangladesh
Current

Group Chief Financial Officer

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

Mandate
  • 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
  • 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
AK Khan GroupDhaka, Bangladesh

Head of Finance (Group)

Mandate
  • 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
M.Y. & Union (BD) Ltd.Concurrent appointment

CFO & Company Secretary

Mandate
  • 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
City GroupDhaka, Bangladesh

Unit Head of Finance / Finance Manager

Mandate
  • Led finance operations for major FMCG brands
  • Managed budgeting, profitability analysis, treasury, receivables and reporting
Impact
  • Partnered with sales, marketing, procurement and supply-chain teams
  • Improved operational efficiency through restructuring initiatives
Dec 2010 — Aug 2018
Nokia Networks Bangladesh Ltd.Multinational

Financial Controller

Mandate
  • Led FP&A, financial controlling and business reporting
  • Managed country-level monthly financial reporting to APAC and Finland HQ
  • Led SOX compliance implementation
Impact
  • Managed treasury, FX hedging and banking relationships
  • Ensured successful completion of statutory audits by KPMG
Sep 2010 — Dec 2010
New Zealand Dairy Products Bangladesh Ltd.

Executive

  • Prepared business performance reports and conducted P&L analysis
  • Managed reconciliations and reporting
Nov 2008 — Sep 2010
Deloitte BangladeshProfessional Services

Accountant

Handled accounting assignments for multinational clients

Coca-Cola Far East Ltd.Sony Ericsson International ABNovartis Bangladesh Ltd.
04 — Credentials

Qualifications & education

Three internationally recognised charters 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 FinanceUniversity of Dhaka
CGPA 3.58 / 4.00
MBA
MBA in FinanceIndependent University, Bangladesh (IUB)
CGPA 3.58 / 4.00
BBA
BBA in FinancePresidency University
CGPA 3.70 / 4.00

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
05 — Impact

Measurable results

Where financial leadership delivered lasting, quantifiable impact.

0%

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.

Aman Group Ltd. · 2023 — Present
0%

Margin improvement through portfolio optimisation

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.

AK Khan Group · 2019 — 2023
0%

Post-COVID sales growth

Managed COVID stimulus facilities, resolved long-pending tax matters and implemented Transfer Pricing compliance as CFO & Company Secretary.

M.Y. & Union (BD) Ltd. · 2019 — 2023
0+

Finance professionals across 31+ business units

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

Aman Group Ltd. · Group Finance

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.
06 — Contact
Get in touch

Let's start a
conversation.

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

Emailmail.rafiqulislam@gmail.com Phone+880 1799 994445 LinkedInConnect on LinkedIn
LocationDhaka, Bangladesh