Sir Fazle Hasan Abed KCMG a biographical sketch | The Business Standard
Skip to main content
  • Latest
  • Epaper
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Wednesday
June 18, 2025

Sign In
Subscribe
  • Latest
  • Epaper
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
WEDNESDAY, JUNE 18, 2025
Sir Fazle Hasan Abed KCMG a biographical sketch

Corporates

Press Release
19 December, 2024, 04:00 pm
Last modified: 19 December, 2024, 04:04 pm

Related News

  • Dhaka Bank signs cash management deal with sheba xyz
  • EBL holds discussions with visiting French delegation to attract FDI
  • FSIB celebrates eid reunion with heartfelt greetings
  • NCC Bank and The World sign partnership for digital platform
  • BUET Vice-Chancellor honoured with BASF award

Sir Fazle Hasan Abed KCMG a biographical sketch

Press Release
19 December, 2024, 04:00 pm
Last modified: 19 December, 2024, 04:04 pm
Sir Fazle Hasan Abed KCMG a biographical sketch

Sir Fazle Hasan Abed was born on 27 April in 1936 in Baniachang village of Habiganj district. His father was Siddique Hasan and mother was Syeda Sufia Khatun.

Siddique Hasan was the sub-registrar of Habiganj. Siddique Hasan and his brothers attended St Xavier's School and College in Kolkata.

Sir Fazle's paternal grandfather was Khanbahadur Rafiqul Islam and his maternal grandfather was Khanbahadur Syed Moazzem Uddin Hossain, who hailed from Austagram in Kishoreganj district. Syed Moazzem Uddin Hossain was a provincial minister, first for agriculture and later for education, during the end of the British rule. Sir Fazle's other paternal grandfather Nawab Justice Sir Syed Shamsul Huda served the executive committee of the Bengal Presidency Governor as its member. He was among the chief initiators of the University of Dhaka.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Sir Fazle went to several schools, firstly Habiganj Government High School, then Cumilla Zilla School, and finally Pabna Zilla School, from where he passed his matriculation in 1952. He passed higher secondary exams from Dhaka College in 1954. He was admitted to the University of Dhaka to study honours in physics but did not complete it and moved to England. There he studied naval architecture at the University of Glasgow in Scotland for two years but left the department to study accounting. He completed cost and management accounting in 1962.

Sir Fazle returned to the then-East Pakistan in 1968. He joined Shell Oil in 1970 as the head of finance and was posted in Chattogram. After a deadly cyclone hit the coast on 12 November 1970, claiming at least 300,000 lives, Sir Fazle, along with friends and colleagues, travelled to Monpura, one of the worst-hit remote islands, to distribute relief. Later, they formed an organisation called HELP to continue the relief operations.

When the Liberation War broke out in 1971, Sir Fazle resigned from Shell Oil and moved back to London to campaign for Bangladesh's independence.

Sir Fazle arrived in London in May 1971. Along with a number of like-minded people, he founded two organisations, Help Bangladesh and Action Bangladesh, to campaign for Bangladesh's independence. Action Bangladesh campaigned to garner public and political support from Western governments, particularly to stop atrocities by the Pakistani army. Help Bangladesh focused on raising funds for freedom fighters.

In 1972, Sir Fazle returned to independent Bangladesh. Before returning, he sold his small London flat to initially fund the relief work he was about to undertake for the refugees coming back from India. He established Bangladesh Rehabilitation Assistance Committee (BRAC) and began relief and rehabilitation work in Sulla and Dirai upazilas of Sunamganj.

The first phase of BRAC's intervention in Sulla commenced on 1 February 1972, which is the official date of BRAC's establishment.

In 1973, BRAC began providing microloans. Sir Fazle was one of the earliest proponents of microfinance in Bangladesh. He aimed to help poor communities overcome poverty through microloans. Later, BRAC also pioneered the 'graduation approach', a model for assisting people to sustainably overcome extreme poverty. Studies by renowned institutions proved the effectiveness of this model, which has been adopted and replicated in over 40 countries as of 2019.

Over its five decades of operations, BRAC has innovated many successful community-driven social and economic empowerment models to sustainably fight poverty and extreme poverty across continents. BRAC began international operations in 2002 in Afghanistan and runs development programmes in 11 countries across Asia and Africa, including Bangladesh.

NGO Advisor, a Geneva-based independent media entity, ranked BRAC the world's number one NGO for four years in a row, from 2016 to 2019, for its innovative, cost-effective, and evidence-based programmes.

Sir Fazle led BRAC as its executive director from 1972 to 2001. He then assumed the position of chairperson and held it till 2019, retiring on 1 August 2019 to become its chairperson emeritus.

Sir Fazle Hasan Abed founded BRAC University in 2001. He served as the chairman of its board of trustees from its founding year till 2019, retiring on 24 July 2019.

Sir Fazle also founded BRAC Bank in 2001. He was its chairperson in two phases, from 2001-2008 and from 2013-2019, retiring on 26 August 2019.

 

BRAC / TBS / Corporate

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • US President Donald Trump points a finger as he departs for Canada to attend the G7 Leaders' Summit, from Joint Base Andrews in Maryland, US, June 15, 2025. Photo: REUTERS/Kevin Lamarque
    Trump demands Iran's 'unconditional surrender' as Israel-Iran air war rages on
  • Infographics: Duniya Jahan/TBS
    How Israel's secret nuclear arsenal comes under spotlight amid attacks on Iran
  • Iran's supreme leader Ali Khamenei and US president-elect Donald Trump. Photo: Collected
    'Not going to kill Khamenei, at least for now', says Trump, claiming US knows Iran's supreme leader's location

MOST VIEWED

  • Former Bangladesh High Commissioner to the UK Saida Muna Tasneem. Photo: Collected
    ACC launches inquiry against ex-Bangladesh envoy Saida Muna, husband over laundering Tk2,000cr
  • Infograph: TBS
    Ship congestion at Ctg port lingers as berthing time rises
  • A view of Iranian missiles across the sky as seen by Biman pilot Enam Talukder. Photo: Enam Talukder
    Biman pilot witnessed Iran's missiles flying towards Israel
  • Power Division wants Tk56,000cr PDB loans turned into subsidy
    Power Division wants Tk56,000cr PDB loans turned into subsidy
  • BNP leader Ishraque Hossain held a view-exchange meeting with waste management officials and Dhaka South City Corporation staff inside Nagar Bhaban on 16 June 2025. Photos: Hasan Mehedi
    Ishraque holds Nagar Bhaban meeting as 'Dhaka South mayor', says it’s people’s demand
  • Bangladesh gains bigger share in US apparel market as China loses ground, sees 29% export growth in Jan-Apr
    Bangladesh gains bigger share in US apparel market as China loses ground, sees 29% export growth in Jan-Apr

Related News

  • Dhaka Bank signs cash management deal with sheba xyz
  • EBL holds discussions with visiting French delegation to attract FDI
  • FSIB celebrates eid reunion with heartfelt greetings
  • NCC Bank and The World sign partnership for digital platform
  • BUET Vice-Chancellor honoured with BASF award

Features

The Kallyanpur Canal is burdened with more than 600,000 kilograms of waste every month. Photo: Courtesy

Kallyanpur canal project shows how to combat plastic pollution in Dhaka

8h | Panorama
The GLS600 overall has a curvaceous nature, with seamless blends across every panel. PHOTO: Arfin Kazi

Mercedes Maybach GLS600: Definitive Luxury

1d | Wheels
Renowned authors Imdadul Haque Milon, Mohit Kamal, and poet–children’s writer Rashed Rouf seen at Current Book Centre, alongside the store's proprietor, Shahin. Photo: Collected

From ‘Screen and Culture’ to ‘Current Book House’: Chattogram’s oldest surviving bookstore

2d | Panorama
Photos: Collected

Kurtis that make a great office wear

4d | Mode

More Videos from TBS

What's behind the animosity between former allies Iran and Israel?

What's behind the animosity between former allies Iran and Israel?

4h | Others
21 Muslim countries condemn Israeli attack on Iran

21 Muslim countries condemn Israeli attack on Iran

4h | TBS World
News of The Day, 17 JUNE 2025

News of The Day, 17 JUNE 2025

7h | TBS News of the day
Rising default loans threaten jobs, growth, trade

Rising default loans threaten jobs, growth, trade

9h | TBS Insight
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net