Dar will be based in London and reports to the company board of directors.
Dar has been at DI since March 2005. Previously he was at Loughborough University where he founded and directed an MSc course in Islamic economics, banking and finance. He has published on Islamic banking and finance in professional and academic journals, and organises international conferences, seminars and workshops on Islamic economics and finance on both sides of the Atlantic.
Commenting on his appointment Dar said: "Our goal is to be a high-end global provider of Sharia advice to the institutions offering Islamic financial services through a continuous process of innovation in financial solutions and to develop into an international think-tank for the Islamic finance industry. We are operationally independent of our shareholders, including Deutsche Bank, and are set up to serve the Sharia needs of the wider Islamic finance industry. We have recently won Euromoney Best Islamic Advisory and Assurance Award which is another key indicator that we are meeting the needs of our clients."
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Humayon Dar appointed managing director of Deutsche Bank subsidiary Dar Al Istithmar
- United Kingdom: Monday, March 27 - 2006 at 12:35
- PRESS RELEASE
Deutsche Bank today announced the appointment of Humayon Dar as managing director of its global Sharia advisory service Dar Al Istithmar (DI).
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For further information, please call:Deutsche Bank
Stephanie Smart (44 20) 7545 2908
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About Deutsche Bank
With Euro 993 billion in assets and 63,427 employees, Deutsche Bank offers unparalleled financial services in 74 countries throughout the world. Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
Deutsche Bank ranks among the global leaders in corporate banking and securities, transaction banking, asset management, and private wealth management, and has a significant private and business banking franchise in Germany and other selected countries in Continental Europe.
About Dar Al Istithmar (DI)
DI is a joint venture between Deutsche Bank, Russell Wood and Oxford Islamic Finance and was incorporated in the UK as a private limited company to offer Sharia-compliant solutions to the institutions offering Islamic financial services.
Anne-Birte Stensgaard, Senior News EditorMonday, March 27 - 2006 at 12:35 UAE local time (GMT+4)
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