28 April 2009,
ABC INTERNATIONAL BANK appoints new Head of Islamic Financial Services, Faisal Alshowaikh
ABC International Bank plc ("ABCIB") has appointed Faisal Alshowaikh as Head of Islamic Financial Services, based in London, to grow and develop its Islamic finance business, which was first established in late 1999, and includes Real Estate, Leasing and Islamic home finance through its alburaq retail finance business.
Faisal comes to ABCIB from Ajman Bank, UAE, where he was Deputy CEO and Head of Business, responsible for retail, corporate, investments and treasury. Prior to that, he was CEO of Asian Finance Bank, which he established in Malaysia, and expanded into Indonesia. He also set up the first Islamic shipping fund (the $300mn "Safeena") in Malaysia and SE Asia.
Faisal comments: "The Arab Banking Corporation has been at the forefront of the growth of Islamic finance globally, so I am very pleased to be joining the Islamic Finance team in ABCIB at a time when both London and other European countries are looking to grow their Islamic banking activities. London is of course working to establish itself as the European hub for Islamic banking and finance and this is where ABCIB can continue to play a major role."
Faisal has a BA in Accounting & Finance from Manchester Metropolitan University in the UK, and is also a Fellow of The Association of Chartered Certified Accountants, UK. He has over 20 years experience in International Banking including senior positions at Gulf International Bank, Bahrain Islamic Bank and Standard Chartered Bank. He is also well known to Arab Banking Corporation BSC, having previously worked for ABC in Bahrain from 2000 to 2005.