According to APA-Economics, Behnam Gurbanzade was appointed as Deputy Chairman of bank’s Board of Directors.
Gurbanzade worked as the director of IBAR’s Islamic Banking Department from August 2012 to October 2015.
Earlier, APA-Economics reported that bank’s Islamic Banking Department was abolished and Behnam Gurbanzade was dismissed.
Bank released a statement that the department’s obligations will be fulfilled by the bank.