Deutsche names new Islamic finance officials
Dubai, December 5, 2011
Deutsche Bank has appointed Salah Jaidah as the chairman of Islamic Finance and Ibrahim Qasim as the head of Islamic Finance Structuring.
Ashok Aram, CEO of Deutsche Bank for the Middle East & North Africa, said: "Deutsche Bank is committed to the development of the Islamic Finance industry and will continue expanding its Shari'a compliant product offerings and solutions.
“Salah's appointment will be instrumental in solidifying Deutsche Bank's position as a leader in Islamic Finance. He brings key leadership, wealth of experience and deep insight into the Islamic Finance market contributing to Deutsche Bank's long term commitment to the Islamic Finance industry. His expertise and relationship in the industry will be key in driving Deutsche Bank's long term growth plans."
Salah is a board member of a number of Islamic Finance Institutions in the Middle East and South East Asia and will continue to lead Deutsche Bank´s operations in Qatar as chief country officer and vice chairman for the Mena region.
Aram added: “Ibrahim has contributed significantly to the formation and development of Deutsche Bank's Mena structuring and Islamic Finance platform over the last five years and brings a wealth of hands-on execution experience across a wide array of Shari'a compliant products and asset classes. Ibrahim will elevate our focus and drive the commitment to innovate and execute key products, solutions and initiatives in the Islamic Finance space. He will be supported by a strong team of Islamic Finance specialists located in Dubai, Riyadh, Malaysia, London, and Singapore."
Ibrahim has over nine years of industry experience in structuring and executing transactions in the global capital markets ranging from Sukuk and structured financing solutions to Shari'a compliant investment, risk and liability management products.
Deutsche Bank is committed to working with industry participants and stakeholders to further develop the Islamic financial markets, and to be an industry leader in developing and implementing bespoke Shari'a compliant products and solutions serving Islamic clients globally, said a statement. – TradeArabia News Service