Bahrain Islamic Bank (BisB) has appointed Hassan Jarrar as its new chief executive, with effect from July 1.

Jarrar, who is currently the chief executive of Standard Chartered Bank Bahrain, will take over the reins from Mohammed Ahmed Janahi who has been Bahrain Islamic Bank’s acting CEO since September 1 last year, said a report in the Gulf Daily News (GDN), our sister publication.

Janahi will become the deputy chief executive after Jarrar takes over.

The appointment has been approved by the bank’s board of directors, and chairman Abdul Razzaq Al Qassim said Jarrar is one of the most prominent leaders in the banking sector with experience of 26 years, gained from his numerous leadership positions in major banking institutions within and outside Bahrain.

These include Abu Dhabi Commercial Bank, Al Mashreq Bank, Union Bank in Jordan, and Bank of America – California.

Wishing Jarrar success in his new role, the chairman assured him of all support from the board.

The new chief executive said he was confident that Bahrain Islamic Bank would assume an active role in Islamic banking field through perfecting its systems and services and the development and refining of products to enhance its role and status in the local and regional markets. - TradeArabia News Service
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