Abul Maal Abdul Muhith
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Abul Maal Abdul Muhith (25 January 1934 – 30 April 2022) was a Bangladeshi economist, writer, civil servant, secretary, diplomat and politician. He served as the
finance minister A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position . A ministry of finance's portfoli ...
of the
government of Bangladesh The government of the People's Republic of Bangladesh () is the central government of Bangladesh. The government was constituted by the Constitution of Bangladesh comprising the executive (the president, prime minister and cabinet), the ...
from January 2009 until January 2019.


Early life and education

Abdul Muhith was born on 25 January 1934, to a
Bengali Muslim Bengali Muslims (; ) 'Mussalman'' also used in this work./ref> are adherents of Islam who ethnically, linguistically and genealogically identify as Bengalis. Comprising over 70% of the global Bengali population, they are the second-largest ...
political family in
Sylhet Sylhet (; ) is a Metropolis, metropolitan city in the north eastern region of Bangladesh. It serves as the administrative center for both the Sylhet District and the Sylhet Division. The city is situated on the banks of the Surma River and, as o ...
. His father, Abu Ahmad Abdul Hafiz, a judge by profession, was one of the founders of the Sylhet branch of the
All-India Muslim League The All-India Muslim League (AIML) was a political party founded in 1906 in Dhaka, British India with the goal of securing Muslims, Muslim interests in South Asia. Although initially espousing a united India with interfaith unity, the Muslim L ...
and took part in the
Pakistan Movement The Pakistan Movement was a religiopolitical and social movement that emerged in the early 20th century as part of a campaign that advocated the creation of an Islamic state in parts of what was then British Raj. It was rooted in the two-nation the ...
. His mother, Syeda Shahar Banu, was one of the leading women of the
Bengali language movement The Bengali language movement was a political movement in East Bengal (modern-day Bangladesh) in 1952, advocating the recognition of the Bengali language as a co-lingua franca of the then-Dominion of Pakistan to allow its use in government ...
. He was the third child in a family of fourteen children. His younger brother is AK Abdul Momen, former
minister of foreign affairs In many countries, the ministry of foreign affairs (abbreviated as MFA or MOFA) is the highest government department exclusively or primarily responsible for the state's foreign policy and foreign relations, relations, diplomacy, bilateralism, ...
for Bangladesh, and his sister is Shahla Khatun, a physician and National Professor of Bangladesh. Abdul Muhith passed the matriculation exam from Sylhet Government Pilot High School in 1949. He secured first place in his Intermediate examination in 1951 from Murari Chand College. He stood first class first in B.A. (Hons.) in English literature in 1953 from the
University of Dhaka The University of Dhaka (), also known as Dhaka University (DU), is a public university, public research university located in Dhaka, Bangladesh. Established in 1921, it is the oldest active university in the country. The University of Dhaka w ...
and passed his master's with credit from the same university in 1955. While in service to the government, he studied at the
University of Oxford The University of Oxford is a collegiate university, collegiate research university in Oxford, England. There is evidence of teaching as early as 1096, making it the oldest university in the English-speaking world and the List of oldest un ...
during 1957–1958. He completed his
Master of Public Administration A Master of Public Administration (MPA) is a specialized professional graduate degree in public administration that prepares students for leadership roles, similar or equivalent to a Master of Business Administration but with an emphasis on the ...
degree at
Harvard University Harvard University is a Private university, private Ivy League research university in Cambridge, Massachusetts, United States. Founded in 1636 and named for its first benefactor, the History of the Puritans in North America, Puritan clergyma ...
in 1964.


Early career

Abdul Muhith served as the general secretary of the central committee of the Pakistan Civil Service Association during 1960–1969. He joined the Pakistan Embassy in the United States as an economic counselor in 1969. In 1966, he was honoured with the Tamgha e Khidmat award by the Pakistan government. During his service as the chief and deputy secretary of Pakistan Planning Commission, he made a report on the discrimination between East and West Pakistan and that was the first submitted report on that issue in Pakistan National Congress. He was the first diplomat of Washington Embassy who showed his consent in favour of Bangladesh giving up the side of Pakistan during the Independence War of 1971. He was appointed the secretary of planning in 1972 and secretary of the External Resource Department of the Finance and Planning Ministry in 1977.


Retirement and return

Abdul Muhith went for self-retirement in 1981 from his service and then he started his second innings of his career as the specialist of economics and development in
Ford Foundation The Ford Foundation is an American private foundation with the stated goal of advancing human welfare. Created in 1936 by Edsel Ford and his father Henry Ford, it was originally funded by a $25,000 (about $550,000 in 2023) gift from Edsel Ford. ...
and in the International Fund for Agricultural Development (IFAD). He became finance and planning minister in 1982–83. Next, he worked as the specialist of different institutions of World Bank and the United Nations. He has been a recognised figure in the
World Bank The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development ...
,
International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of las ...
, IDB and in different organisations of United Nations. He was the visiting fellow of
Princeton University Princeton University is a private university, private Ivy League research university in Princeton, New Jersey, United States. Founded in 1746 in Elizabeth, New Jersey, Elizabeth as the College of New Jersey, Princeton is the List of Colonial ...
in 1984 and 1985. Abdul Muhith took oath as the Finance Minister of Bangladesh government on 6 January 2009 and in August 2009 he inaugurated the building of the Benapole Customs and Immigration Check Post. Abdul Muhith retired from the government and from his role as a
Jatiya Sangsad The Jatiya Sangsad (), often simply referred to as Sangsad and also known as is the unicameral Legislature, legislative body of Bangladesh. The current parliament of Bangladesh contains 350 seats, including 50 seats reserved exclusively for w ...
member for the Sylhet-1 constituency at the elections of December 2018. His younger brother AK Abdul Momen succeeded him as the constituency representative.


Personal life

Abdul Muhith was married to designer Syeda Sabia. Their daughter, Samina Muhith, is a banker and an expert in the field of monetary policy. Their elder son, Shahed Muhith, is an architect, and younger son, Samir Muhith, is a teacher. On 5 March 2022, Abdul Muhith was taken to Green Life Hospital in
Dhaka Dhaka ( or ; , ), List of renamed places in Bangladesh, formerly known as Dacca, is the capital city, capital and list of cities and towns in Bangladesh, largest city of Bangladesh. It is one of the list of largest cities, largest and list o ...
due to illness. He died on 30 April 2022 at United Hospital. His funeral (1st namaz-e-janaza) was held on the premise of Gulshan Azad Masjid in the capital of Dhaka.


Criticism

Abdul Muhith had faced criticism for his handling of the 2011 share market crash. He admitted to his mistakes in decisions related to the stock market in addition to the mistakes of the Security and Exchange Commission. Although the opposition leaders and protesting investors had called for his resignation, he refused and defended his position. He had appointed a probe committee to investigate the allegations against the Security Exchange Commission, however this also attracted criticism towards him as he consequently refused to publicly disclose the names of those accused of chicanery by this committee. Abdul Muhith became the center of a criticism after he had commented on the Hallmark money scam that the Tk 4,000 crore embezzled was a "meager amount". He later apologized for his statement. Abdul Muhith had been criticised for consistently insulting Nobel laureate
Muhammad Yunus Muhammad Yunus (born 28 June 1940) is a Bangladeshi economist, entrepreneur, and civil society leader who has been serving as the Chief Adviser of Bangladesh, Chief Adviser of the Interim government of Muhammad Yunus, interim Yunus ministry, g ...
and terming his comments as "totally rubbish" and also for saying Yunus has no integrity over the
Grameen Bank Grameen Bank () is a microfinance, specialized community development bank founded in Bangladesh. It provides small loans (known as microcredit or "grameencredit") to the impoverished without requiring collateral. Grameen Bank is a statutory ...
issue. In September 2015, Abdul Muhith faced widespread criticisms for his remarks against the movement of public university teachers of Bangladesh seeking a separate pay scale. He later apologized for his remarks. At the same time, controversy was caused by VAT being imposed on the Bangladeshi private university education system: During this time, he made remarks that private university students receives 1000 taka pocket money per day in order to justify the VAT on private university bill. This caused much uproar among the private university students. Abdul Muhith defended this decision.


Works

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References

{{DEFAULTSORT:Abdul Muhith, Abul Maal 1934 births 2022 deaths People from Sylhet Murari Chand College alumni University of Dhaka alumni Harvard Kennedy School alumni Diplomats for Pakistan Diplomats for Bangladesh 20th-century Bangladeshi economists 9th Jatiya Sangsad members 10th Jatiya Sangsad members Awami League politicians Ministers of finance of Bangladesh Recipients of the Independence Award Honorary Fellows of Bangla Academy Provisional Government of Bangladesh