Yousif Taqi appointed as Al Salam Bank - Bahrain CEO

The newly established bank, that was officaily announced on 17 April in the first constituent general meeting, will operate its Islamic banking services from its main branch in Al Seef Area in Manama, planned to open before the end of this year.

Mr. Taqi is an Islamic Banking professional with over 15 years of experience in banking, audit, business advisory services and mainstream banking at the highest levels of management in organizations of repute. He has unique experience in developing strategy, Shari'a compliant products & services and operating policies & procedures for banking with special emphasis on Islamic Banking.

Before joining Al Salam Bank, Mr. Taqi was the Deputy General Manager, Kuwait Finance House, Bahrain (KFH). Before that, he was a partner in Ernst & Young, Bahrain for more than 20 years.

Mr. Hussein Mohammed Al Meeza, Vice Chairman of Al Salam Bank, said:

"Al Salam Bank is still in its first stages, for that, we need first to build a strong team of experts to handle this sensitive challenge. Mr. Taqi comes with a long and impressive experience in the Islamic banking arena. He will have all the support needed from the board of directors of the bank in his mission."

From his side, the new CEO commented: "Bahrain is up for a big phase of development and progress and I believe that Al Salam Bank will play a vital role in this growth, by introducing new and innovative Islamic financial solutions for all retail and corporate needs. I would like to thank the board of directors of Al Salam Bank for their trust and for the great opportunity."