QFB is Gold Sponsor of the Global Islamic Economic Summit

Qatar First Bank has announced the Gold sponsorship of the Global Islamic Economic Summit

Qatar First Bank, the first independent Shari’ah compliant bank authorized by the QFC Regulatory Authority (QFCRA), has announced the Gold sponsorship of the Global Islamic Economic Summit to be held at Madinat Jumeirah, Dubai, UAE on 25-26 November 2013.

Attracting more than 1600 delegates, the conference is held under the patronage and the attendance of Sheikh Mohamed Bin Rashed Al Maktoum UAE Vice President, Prime Minister and Ruler of Dubai and organised by Thomson Reuters and the Dubai Chamber of Commerce & Industry.  The two-day event is poised to be the region’s largest event aimed at promoting the Islamic economy and examining the constraints facing its development and growth.

Ahmed Meshari, Acting CEO, QFB commented, “We are proud sponsors of the Global Islamic Economic Summit. The Islamic finance industry continues to grow substantially with many major financial cities competing to become the hub of Islamic finance.  As a leading Shari’ah compliant financial institution, we are looking forward to joining other global Islamic financial experts, policy makers and stakeholders of the US$8 trillion Islamic economy in addressing the challenges facing this vibrant financial system.”

Islamic Finance witnessed considerable growth since the financial crisis of 2008 with Islamic finance assets reaching US$ 1.32 trillion at the end of 2012.   In spite of this growth, which is 50% more than the conventional banking, there is a great potential for further development specifically in terms of products and regulatory framework.

Qatar First Bank is the only bank from Qatar joining regional banks like Abu Dhabi Islamic Bank, Dubai Islamic Bank and Emirates NBD in sponsoring the event.  The summit will bring together experts from all facets of the Islamic Economy and will address themes as the role of the Islamic economy in the evolving global economic landscape, future strategies for its adoption and the takaful industry.

Qatar First Bank Appoints New Chief Business Officer

QFB announced the appointment of Sulaiman Yousif Al-Salhi as Chief Business Officer.

Qatar First Bank (QFB), the first independent Shari’ah compliant bank authorized by the QFC Regulatory Authority (QFCRA), announced the appointment of Sulaiman Yousif Al-Salhi as Chief Business Officer.

Sulaiman brings over 24 years of financial experience in private banking, investment banking, corporate lending and Islamic finance. As Chief Business Officer at QFB, Sulaiman will be responsible for overseeing all commercial banking activities including business development, client operations, and building strategic partnerships.

Commenting on the new appointment, Ahmad Meshari, Acting CEO of QFB, “We are pleased to welcome Sulaiman to the QFB team. We are confident that Sulaiman’s strong expertise in the financial sector will make a positive addition to the QFB team and will ensure that we further strengthen our business as we continue to grow across our diverse markets.”

Before joining QFB, Sulaiman served as Managing Director and Senior Executive Officer at Bank Sarasin-Alpen (Qatar) LLC, where he led the private banking team and successfully managed the bank through its critical start-up phase in Qatar. Within three years, the bank successfully established itself in Qatar’s private banking sector.

Sulaiman’s success is built upon two decades of experience at HSBC Middle East, during which he progressed from branch manager to Head of HSBC-Amanah Islamic finance.  During his career at HSBC, Sulaiman was also credited with instituting the Amanah Personal Banking, and Corporate and Investment Banking arms of the business and thus securing substantial amounts in assets under management and revenue.