After passing intermediate from Dhaka College, Bangladesh, in 1954, Abed left home at the age of 18 to attend University of Glasgow, UK where, to break away from tradition and do something radically different, he studied naval architecture. He realized there was little work in shipbuilding in East Pakistan (present day Bangladesh) and a career in naval architecture would make returning home difficult. With that in mind, Abed joined the Chartered Institute of Management Accountants in London, completing his professional education in 1962.
Abed returned to East Pakistan to join Shell Oil Company and quickly rose to head its finance division. His time at Shell exposed Abed to the inner workings of a large conglomerate providing him with insight into corporate management, which would become invaluable to him later in life.
It was during his time at Shell that the devastating cyclone of 1970 hit the south and south-eastern coastal regions of the country, killing 300,000 people. The cyclone had a profound effect on Abed. In the face of such devastation, he said the comforts and perks of a corporate executive's life ceased to attract him. With friends, Abed created HELP, an organisation that provided relief and rehabilitation to the worst affected in the island of Manpura, which had lost three-quarters of its population in the disaster.
Soon after, Bangladesh's own struggle for independence from Pakistan began and circumstances forced Abed to leave the country. He found refuge in the United Kingdom, where he set up Action Bangladesh to lobby the governments of Europe for his country's independence.
When the Bangladesh Liberation War ended in December 1971, Abed sold his flat in London and returned to the newly independent Bangladesh. Hundreds of refugees who had sought shelter in India during the war had started to return home, and their relief and rehabilitation called for urgent efforts. Abed decided to use the funds he had generated from selling his flat to initiate an organisation to deal with the long-term task of improving the living conditions of the rural poor. He selected the remote region of Sulla in northeastern Bangladesh to start his work, and this work led to the non-governmental organisation known as BRAC in 1972.[5]
BRAC grew to become one of the largest development organisations in the world in terms of the scale and diversity of its interventions. The organization now operates in all 64 Bangladeshi districts through development interventions ranging from education, healthcare, microfinance, skills, human rights, agriculture and enterprise development. In 2002, BRAC went international by taking its range of development interventions to Afghanistan. Since then, BRAC has expanded to 10 countries across Asia and Africa, successfully adapting its unique integrated development model across varying geographic and socioeconomic contexts. It is now considered the world's largest non-profit organization – both by employees and people served.
He was admitted to the hospital in late November 2019 on account of breathing problems and physical weakness. He died at the Apollo Hospital (now Evercare Hospital Dhaka) in the capital on Friday, 20 December 2019. He was undergoing treatment for a malignant brain tumor.[19] At the time of his death, he was 83 years old. He is survived by a wife, a daughter, a son and three grandchildren.[20][2]