Finance & Capital Market

Bahrain Islamic Bank names Alsharifi new CEO

Bahrain Islamic Bank (BisB), a leading provider of sharia compliant integrated financial solutions in the kingdom, has announced the appointment of Yaser Alsharifi as its new Chief Executive Officer (CEO). 
The appointment comes following the retirement of Hassan Jarrar the former CEO after seven years of service in this position.
An industry veteran, Alsharifi has more than 25 years’ experience in financial services across the GCC, Europe and US, with past senior executive roles at the National Bank of Bahrain (NBB) and Al Rajhi Holdings. 
Serving as a board member of several leading institutions, Alsharifi is also a member of the Young Presidents Organization (YPO) and holds a BA in Business Administration from the University of Massachusetts at Amherst.
Welcoming the appointment, Chairman Dr Esam Abdulla Fakhro said: "To begin with, we’d like to extend our heartfelt thanks and sincere appreciation to Jarrar for his distinguished leadership and years of service during the latest phase of BisB’s journey. We also commend his instrumental role in effectively paving the way for the bank’s transformation and securing pivotal milestone achievements, which have contributed to cementing its reputation as one of the leading banks in the kingdom, and we wish him continued success in his future."
Dr Fakhro said: "With the appointment of Alsharifi, the bank will be entering a new phase of leadership and excellence; in light of his stance as one of the kingdom’s finest young leaders, with a proven record of success and practical experience in the financial services industry focused on strategy formation, transformation, and innovation."
"We are confident that Alsharifi will drive BisB’s transformation journey and contribute to enhancing its growth and progress in the sector. With this new phase in BisB’s journey headed by Alsharifi, we look forward to the continuous support of the National Bank of Bahrain (NBB) to maintain the momentum of transformation and development," he added.
Alsharifi expressed his enthusiasm to lead BisB’s executive leadership team in pursuing banking service excellence for its valued customers. 
He outlined BisB's top priorities of leading innovative digital services towards enhancing its customer’s banking experience as the pace setter for the industry. 
Commending the dedicated employees of the bank, Alsharifi  said this forms a strong foundation for the BisB's continued success. 
"We are commited to developing and advancing BisB’s services across various segments, by adopting effective strategies that will contribute to the bank’s standing as a pioneer of the Islamic banking sector and Bank of Choice for its retail and corporate customers," he added.-TradeArabia News Service