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Manama, Bahrain – Ithmaar Bank, a Bahrain-based Islamic retail bank, announced today (ed note: 07/05/2017) two key appointments to its executive management team, and assigned new responsibilities to another senior executive.
Yousif Alkhan, presently the Head of Information Technology, has been assigned additional responsibility of Administration and will now be the Head of Information Technology and Administration Department; Krishnan Hariharan was appointed Chief Risk Officer; and Khalil Ebrahim Al Asfoor was appointed Acting Head of Internal Audit.
The announcement, by the Bank’s Chief Executive Officer Ahmed Abdul Rahim, is in line with the Bank’s commitment to continuous improvement, and is part of ongoing efforts to develop Ithmaar into the region’s premier Islamic retail bank.
“I congratulate Yousif on the new responsibilities assigned to him, and am delighted to welcome Krishnan and Khalil to the executive management team,” said Abdul Rahim. “I am confident that each of these senior executives will play a key role in contributing to the Bank’s continued growth and success, and I wish them all the best,” he said.
“Ithmaar has long recognised that, ultimately, it is the quality of our people that will drive our continued success,” said Abdul Rahim. “As a result, we strive to recruit and retain only the very best people, and we invest heavily in training and development to ensure our people remain among the best in the industry,” he said.
“As a pioneering Islamic retail bank, Ithmaar has also long-recognised the important role we must play in contributing to the development of Bahrain’s Islamic banking industry,” said Abdul Rahim. “This includes continuously developing our own national workforce through various training opportunities and, when necessary, by bringing international expertise from abroad to share their experience and technical know-how,” he said.
AlKhan has been with the Bank since 1989, when it was then called Faysal Islamic Bank of Bahrain. Alkhan holds a Master of Business Administration (MBA) degree from AMA International University and a Bachelor of Science degree in Computer Science from the University of Bahrain
Prior to his current Ithmaar appointment, Hariharan was the Alizz Islamic Bank Chief Risk Officer. He holds a Masters degree in Financial Management from Jamnalal Bajaj Institute of Management Studies, Mumbai University, India, as well as a Bachelor of Arts degree from Osmania University, India, and a Bachelor of Commerce, Mumbai University, India. It is his second professional assignment to Bahrain, where he had previously held senior executive positions including Eskan Bank Chief Risk Officer and Shamil Bank of Bahrain Chief Risk Officer.
Prior to his current Ithmaar appointment, Al Asfoor was Manager, Group Internal Control at Ahli United Bank. He holds a Bachelor of Science degree in Accounting from the University of Bahrain as well as an Associate Professional Risk Manager (APRM) certificate from, United States. He is an IRCA certified Information Security Management System (ISMS) Auditor, ISO27001, Bureau VERITAS; is a Certified Islamic Banker (CIB) from the General Council for Islamic Banks and Financial Institutions, Bahrain, and a member of the Association of Chartered Certified Accountants (ACCA), United Kingdom.
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About Ithmaar Bank:
Ithmaar Bank B.S.C. (closed) (“Ithmaar Bank”) is a Bahrain-based Islamic retail bank that is licensed and regulated by the Central Bank of Bahrain and provides retail, commercial, treasury & financial institutions and other banking services.
Ithmaar Bank is a wholly-owned subsidiary of Ithmaar Holding B.S.C. (formerly named Ithmaar Bank B.S.C.) which is listed on the Bahrain Bourse and Boursa Kuwait.
Ithmaar Bank provides a diverse range of Sharia-compliant products and services that cater to the financing and investment needs of individuals and institutions. Ithmaar also maintains a presence in overseas markets through its subsidiary, Faysal Bank Limited (Pakistan).
© Press Release 2017
