Bahrain Islamic Bank Appoints a New Head of Compliance and Governance
In line with its strategic aim to continue to retain talent and develop a world class Management Team, Bahrain Islamic Bank (BisB), the leading provider of Sharia compliant integrated financial solutions in the Kingdom of Bahrain, recently announced the appointment of Mr. Mazar Rashid Jalal as the new General Manager(GM) to lead the Compliance and Governance department.
"I am delighted to welcome Mr. Mazar Jalal to the BisB family to head the Bank’s Compliance and Governance Department," said Chief Executive Officer (CEO) of BisB, Mr. Hassan Jarrar: “He was appointed as part of our ongoing efforts to cultivate a distinguished and experienced senior management team. Mr. Mazar’s experience and managerial skills will actively contribute to further developing the Compliance & Corporate Governance department, and enable us to achieve continued success in implementing the Bank’s strategies and goals.”
Mr. Jarrar added “Mazar brings to BisB more than 17 of veteran industry experience in Islamic banking, serving in various positions in compliance and governance. Prior to joining BisB, Mazar headed the Compliance Department at Kuwait Finance House (KFH) - Bahrain for the past seven years, and has also gained extensive experience at several leading banks and audit firms across the Kingdom. Mazar holds a BSc in Accounting from the University of Bahrain, an International Compliance Associate Diploma from UK, and a Diploma in Islamic Banking and Insurance from UK.”
Mr. Mazar Jalal expressed his excitement to join BisB, revealing that he was looking forward to contributing his efforts in ensuring the Bank achievement of its strategic objectives and developing the Compliance & Governance of BisB in particular.
Background Information
Bahrain Islamic Bank
Incorporated in 1979 as the first Islamic bank in the kingdom of Bahrain, and the fourth in the GCC. Bahrain Islamic Bank (BisB) has played a pivotal role in the development of the Islamic banking industry and the Kingdom’s economy. The Bank operates under an Islamic Retail banking licence from the Central Bank of Bahrain and is listed on the Bahrain Bourse.
At the end of 2016, the Bank’s paid up capital was BD 101 million, while total assets stood at BD 1042 million. The Bank’s modern branch network comprises 5 branches, 4 innovative financial malls, and 56 ATMs located throughout the Kingdom. A steadfast focus on continuous innovation, strong corporate governance and risk management, employee development, and the use of state of the art technology to deliver superior customer service, has cemented Bahrain Islamic Bank’s position as the leading Sharia’a – compliant bank in the Kingdom.