Manama, Kingdom of Bahrain: The International Islamic Financial Market (IIFM) announced today the appointment of Sheikh Mohammed Jarrah Al-Sabah, Chairman of Kuwait International Bank (KIB), to the Board of Directors of IIFM.
“We are delighted to welcome Sheikh Mohammed Jarrah Al-Sabah, to represent KIB on the IIFM Board and we are confident that his immense experience will undoubtedly add great value in achieving IIFM objectives,” said Mr. Khalid Hamad Abdul-Rahman Hamad, Chairman of IIFM.
Chairman of KIB, Sheikh Mohammed Jarrah Al-Sabah said, “It is with great pleasure that I join the board of directors of such a prestigious organization. We have closely watched the organization’s work over the years, and I have always respected what it stands for. As a member, I promise to do my best to continue this legacy across the Islamic finance and banking world, as I feel that our own vision and goals are similar to those of IIFM. I look forward to working alongside this venerable and esteemed organization and thank you all for this expression of trust and confidence.”
Sheikh Mohammed Jarrah Al-Sabah has extensive experience in banking, insurance and real estate investment sectors and is the Chairman of KIB since 2010. In addition to his role at KIB, Al-Jarrah is the Chairman of the Union of Arab Banks and the President of the Supreme Council of Arbitration, in the aforesaid Union. He also serves on the Boards of World Union of Arab Bankers, Kuwait Banking Association, Arab Academy for Banking and Financial Sciences and is the Vice Chairman of Warba Insurance Company. Al-Jarrah has enjoyed a prolific professional career marked by numerous achievements, during which he has held several senior level positions at a number of key market players such as Chairman & Managing Director of Commercial Bank of Kuwait
Kuwait International Bank became a full member of IIFM during 2018.
IIFM was established under Royal Decree (23) Year 2002 of the Kingdom of Bahrain as a neutral and non-profit international standard-setting organization mandated to develop Shari’ah-compliant financial documentation and product confirmation Standards for the Islamic Financial Services Industry. IIFM’s other services include organizing specialized industry awareness seminars, specialized workshops and market consultative meetings as well as publishing research papers and its flagship annual Global Sukuk Report. The organization’s website is www.iifm.net
For more information, please contact:
Usman M. Naseer (IIFM)
Office Telephone: +973 17500161
IIFM Website: www.iifm.net
© Press Release 2019