The New Nation - Internet Edition

BUSINESS REPORT

To uphold the memory of their late father, renowned insurance personality A.K.M. Fazlul Huq (Mowla), his children, Anwarul Huq, Chairman of IDLC Finance Ltd and Honorary Consul General of Greece, Dr. Rokeya Huq and Rabeya Khan have donated BOT 1 million to introduce a scholarship program for students studying in the Bangladesh Insurance Academy (BIA). Dr. Rokeya Huq and Rabeya Khan recently signed a MOU, in this regard, to launch the AK.M. Fazlul Huq (Mowla) Scholarship program, on behalf of the family, with BIA Under the program, BIA will offer scholarships to students studying Chartered Insurance Institute and Actuarial Science courses. The Director of BIA will chair a committee, which includes IDLC Finance Limited's CEO & Managing Director to manage the scholarship fund.

Late A K. M. Fazlul Huq (Mowla), born in Faridpur on October 11, 1906, was a distinguished person in society. Having completed his graduation, he opted for a career in the insurance sector, when hardly anyone from this region ventured forth for such a profession. He took a leading role in motivating a number of persons to take positions as leading figures in insurance companies. In 1960, he was instrumental in establishing a co-operative insurance society by the name of East Pakistan Co-operative Insurance Society. Thereafter, he floated another insurance company, National Insurance Company of Pakistan Limited. He was then elected as the Chairman of Insurance Association of Pakistan. After liberation in 1971, the insurance sector was nationalized and the Government formed four corporations of which two were general and the other two were life. The Government also established Jatiya Bima Corporation to control and supervise the activities of these four corporations of which Late Fazlul Huq (Mowla) was made an Executive Director. He died on January 23, 1978.

On behalf of the family, Anwarul Huq handed over the cheque to M. Abu Bakar Siddique, Faculty Member of BIA Among others, leading jurist and renowned lawyer Dr. Kamal Hossain, senior officials of BIA, family members of late AK.M. Fazlul Huq (Mowla) and distinguished personalities were present at the simple ceremony.