A.F.M. Fakhrul Islam Munshi is a self-made man. He completed his studies in economics at the University of Dhaka. During his time at Dhaka University, he participated actively in student politics. He was one of the ten student leaders during the mass movement of 1969. Later he entered the business. One of his successful business ventures is AP (Ayurvedic Pharmacy) which is a household name in Bangladesh. He reentered local politics in 1985 to be elected as a Member of Parliament from Debidwar (Comilla) and then the Deputy Minister of Finance of the Peoples Republic of Bangladesh. He is a member of advisory council of Bangladesh Awami League since 1997. He is also the Chairman, Relief and Social Welfare Central sub- committee and member of election management committee of Bangladesh Awami League.
He has been active with organizations and Trade Bodies of various industrial sectors. He is the president of Bangladesh Agro Processor’s Association (BAPA), Chairman of Industry Skills Council, Agro Processing Sector, Chairman ADB-BAPA-SEIP project and President BAPA-SHAMERTO project of EU. He has an in depth knowledge of Bangladesh Agro Sector, Textile Sector, Honey Sector and Ayurvedic Herbal Medicine Sector.