Bahrain-based Elaf Bank, has appointed Helmi Haruna Rashid as the general manager for treasury and capital markets (TCM).

He will also manage and lead the TCM team in order to grow the Bank’s investment portfolio as well as developing new Islamic investment and hedging tools.

Haruna Rashid joins Elaf from Bank Muamalat Malaysia where he was senior vice president and the head of treasury & capital markets. Bank Muamalat is the second largest full-fledged Islamic bank in Malaysia. He holds a BA in Economics from The University of Manchester, UK.

“Malaysia and Bahrain were the first two Islamic markets for sukuks. This appointment reiterates Elaf Bank’s mission statement of helping develop the Islamic secondary capital market and project itself as a market maker,” said Dr Jamil Jaroudi, CEO Elaf Bank. -TradeArabia News Service