Bank of london and the middle east appoints senior advisor
Bank of London and The Middle East plc (“BLME”), the Sharia’a compliant London-based wholesale bank, today announced that it has engaged advisory services of Professor Mahmood Faruqui, to assist with the growing business demand as the company expands.
Having been involved in the Islamic finance industry for over 30 years, Mahmood has extensive experience in advising banks on Strategy, Governance and Sharia’a aspects of product structuring and documentation. Mahmood has previously worked as Board Member/Advisor of Habib Bank, Alfaysal Investment bank, Faysal Bank, Faysal Islamic Bank of Bahrain, Dar-Al-Maal Islami (DMI) Geneva, and Habib Bank AG Zurich.
As a founder member and secretary at the Pakistan Banking Council, he played a key role in negotiating and obtaining authorised bank status for five Pakistani banks from the Bank of England.
Humphrey Percy, CEO of BLME, commented:
“Mahmood’s appointment is excellent news for BLME. He has enjoyed a long and distinguished career in Islamic finance and I have no doubt that his experience in product development and transactions will prove invaluable to our expanding business.”
Mahmood Faruqui commented:
“London and The Middle East are the two major forces in these exciting times for Islamic Finance, and BLME aims to create stakeholder value by strengthening this link. I am honoured to be of assistance to the exceptionally enterprising and highly respected management team, as well as to be part of such a dynamic business.”
