Al Salam Bank announces the appointment of General Counsel

A qualified Solicitor (English Law), Mr. Paracha holds a Bachelor of Law degree (LL.B. Hons.) from Brunel University, UK and a Postgraduate Diploma in Law from the College of Law, UK. Prior to joining Al Salam Bank, he was Partner Designate at the international law firm Norton Rose. He spent six years at the firm's London headquarters before moving to the Bahrain office in 2004 to head up the regional Islamic Finance Team, covering the GCC, Iran, Syria and Kazakhstan.

Notable career achievements by Mr. Paracha include being named as 'Lawyer of the Year' in 2004 by the prestigious legal publication, The Lawyer. He served as a member of the Bank of England Working Party on Islamic Finance, assisted in the formation of the Islamic Bank of Britain, and advised Lloyds TSB on the establishment of an Islamic banking window. He has also been involved in numerous groundbreaking Sharia-compliant deals and transactions in the Europe, the Middle East and Asia.

Welcoming Mr. Paracha to Al Salam Bank, Chief Executive Officer Mr. Yousif Taqi, said: "I am very pleased that we have been able to attract such a highly qualified and experienced Islamic finance professional to the Bank. His appointment, along with other recent appointments, underlines the policy of Al Salam Bank to build a high-calibre senior management team that will enable the Bank to achieve its challenging strategic goals.

"Such appointments support our vision to become a global force in the Islamic financial services industry, and our mission to provide innovative and differentiated products and services to discerning clients in specific target segments. They also illustrate our commitment to adopt the highest international standards and global best practices," added Mr. Taqi.