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Dr. Adnan Chilwan, a veteran marketing professional and an Islamic banker by practice, has been named Chief of Retail and Business Banking at DIB. He has over 14 years of professional banking experience with both renowned conventional and Islamic banks in the Gulf region, including Dubai Bank (UAE), Commercial Bank of Qatar (Qatar), Mashreq Bank (UAE), Abu Dhabi Islamic Bank (UAE) and HSBC (UAE). At Dubai Islamic Bank, he will provide leadership to the consumer banking group, which includes the entire branch network, product development and management, sales function, wealth management and private banking, business banking, change management and business analytics.
Dr. Chilwan has a Ph.D. and MBA in Marketing. He is also a Certified Islamic Banker, Certified Public Accountant, Post-Graduate in Islamic banking and insurance, and an Associate Fellow of the Islamic Financial Professional Board.
DIB has also appointed Mohamed Al Nahdi as Chief of Central Operations to spearhead its operations within the UAE. Al Nahdi holds a BA in Accounts and Administration, and is a veteran in the area of banking operations, project management, corporate banking and personal banking, with over 26 years of diverse experience.
He started his career at HSBC and held many senior roles there before moving on to Dubai Bank, where he was the Chief Retail Banking Officer. In his new role at DIB, Al Nahdi will provide leadership to the Central Operations of the bank within the UAE, which includes Trade and Structured Finance Operations, Retail Operations, Treasury Operations, Card Operations, Real Estate & Contracting Operations, Policies and Procedures, and Internal Control.
Khaled Al Kamda, Group Managing Director and CEO of DIB, said: 'We are pleased to welcome Dr. Adnan Chilwan and Mohamed Al Nahdi to our senior management team. Both of them bring in-depth regional experience in Islamic banking with a specialisation in consumer banking and operations, and will definitely add value to our business lines. I am confident that these new appointments will further strengthen DIB's position as the leading global Islamic bank.'
Dubai Islamic Bank strengthens management team with two senior appointments
Dubai Islamic Bank (DIB) announced today the appointment of two senior executives to drive the bank's growing business and operations with a view to consolidate and strengthen its market presence.
- United Arab Emirates: Sunday, July 13 - 2008 at 14:14
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Dubai Islamic Bank is a Sharia-compliant financial institution. As such, please refrain from using any of the following terms in reference to the bank and its activities:• Loan
• Lender / Lending / Lend
• Borrower / Borrowing / Borrow
• Credit facility
• Advance
• Interest
About Dubai Islamic Bank:
Dubai Islamic Bank (DIB), established in 1975, is the first Islamic bank to have incorporated the principles of Islam in all its practices. DIB is a public joint stock company and its share is quoted on the Dubai Financial Market. The bank enjoys a reputation as a leader and innovator in maintaining the quality, flexibility and accessibility of its products and services. In a very short space of time it has created market leading services and products that are setting benchmarks for the rest of the sector.
The bank reported Dhs2.5bn in net profit for the year ending December 31, 2007, rising by 60% compared to Dhs1.56bn for 2006. The bank recorded total revenues of Dhs7bn for 2007, rising by 46% compared to Dhs4.8bn for 2006. Total assets in 2007 reached to Dhs84.3bn, an increase of 31% compared to Dhs64.4bn in 2006.
DIB set a world record by raising a $3.52bn sukuk for the Nakheel Group. This sukuk adopted a structure never used before in Islamic or conventional banking history. This Sukuk adopted a 1st of its kind structure never used before in Islamic or conventional banking history.
The bank has been proactive in creating partnerships and alliances at both the local and international level. DIB has adopted an aggressive expansion strategy, which started with the establishment of DIB Pakistan Limited, a wholly owned subsidiary of DIB. DIB opened its first representative office in Turkey to enhance its access to that market. DIB has also acquired a stake in Al Khartoum Bank and a stake in Emirates and Sudan Bank (ESB). These steps mark DIB's ambitious plans to roll out its operations into regional and international markets as part of its overall strategic plan.
DIB has won the respect of its peers around the world. The bank was recently named by Islamic Finance News the UAE's Best Islamic Bank. DIB has also received many awards from international organizations such as the prestigious 'Bank of the Year - UAE' award for 2006 by The Banker magazine and accolades from Euromoney. DIB has garnered the attention of international credit rating firms receiving ratings from Standard & Poor's and Moodys agencies
For further information, please contact:
Nicholas Nesson / Mohammed Daggamseh
ASDA'A Public Relations
Dubai, UAE
Tel: 971-4-3355969
Fax: 971-4-3356080
Anne-Birte Stensgaard, Senior News EditorSunday, July 13 - 2008 at 14:14 UAE local time (GMT+4)
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Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
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