Midland Bank PLC. in collaboration with Independent University, Bangladesh (IUB) jointly organized a workshop captioned “Financial Literacy and Career Workshop” on Thursday, June 26, 2025 at IUB Campus.
The Midland Bank PLC. was represented by Head of the Retail Distribution Division, Financial Literacy Wing and Chief Bancassurance Officer (CBO), Mr. Md. Rashed Akter, Head of Retail Sales Department Mr. Md. Ashraful Islam and Manager, Financial Literacy Wing Mr. Mohammad Faruq Ur Rahman.
Dr. Prof. Raisul Awal Mahmood, Dean, School of Business and Entrepreneurship (SBE), IUB, said, “We save from income for two reasons — autonomous reasons and induced reasons. Common people must focus on saving to build basic assets in life. Financial literacy is crucial for being stress-free in our later lives, especially during retirement.”
Mr. Md. Rashed Akter discussed the 50/30/20 model of personal financial behavior, which allocates 50 percent of income for basic needs, 30 percent for wants and desires and 20 percent for savings, security, sustainability and investment. He emphasized on the power of compound interest, passive income, reserve fund. He also said, “The sooner a person starts financial management with proper knowledge, the more they can accumulate wealth over time and reduce risk through proper personal financial decision-making. Financial literacy is an individual financial management tool that impacts nearly all aspects of life.”
Mr. Mohammad Faruq Ur Rahman discussed financial planning, savings, budgeting, investment strategies, understanding personal financial products. He also emphasized on understanding of different kinds of digital fraudulent attempt strategies, ways to detect and how to protect oneself. In an interactive session with the students, he presented foundational knowledge of financial literacy and shared practical tips and tools that students could apply immediately.
Sharmeen Islam, Deputy Director and Head of CGP&AR, said, “We aim to bridge the gap between student learning and real-world financial skills through programs like this. Early exposure to financial literacy and banking careers can help students plan their futures more effectively.”
The program was coordinated by the CGP&AR Office team, including Sharmeen Islam, Farjana Hafiz, Assistant Director, and Mukta Rani Nath, Assistant Career Counselor. Dr. Imtiaz Ahmed Nevin, Assistant Professor and Head; Dr. Samiul Parvez Ahmed, Associate Professor; and Mohammad Fahad Noor, Senior Lecturer, Department of Finance attended the program along with other management staff.
This successful event not only enhanced students’ understanding of financial literacy but also inspired them to explore careers in the dynamic field of finance and banking.
The seminar was conducted from 1:00 PM to 2.00 PM and aimed at equipping students with essential financial skills and providing insights into career opportunities in the finance and banking sector.
