Search Site

Trends banner

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Aafaq Islamic Finance picks new CEO

The company has appointed Hisham Hammoud to the post. (Supplied)
  • Hisham Hammoud is considered one of the pioneers in the banking and financial sectors
  • He has more than 25 years of experience in the fields of banking and Islamic banking

Dubai-based financial services and Islamic finance solutions firm Aafaq Islamic Finance (AIF) has appointed a new CEO, the company has announced.

The Board of Directors of the company has made the announcement of the appointment of Hisham Hammoud as CEO of the company.

Hammoud’s duties in his new position include the responsibility of contributing to the leadership of Aafaq Islamic Finance towards developing its strategy in line with the next phase, the company has said in a statement.

It added that Hammoud is considered one of the pioneers in the banking and financial sectors.

He is said to have more than 25 years of experience in the fields of banking and Islamic banking.

The company also said that Hammoud, during his career, has held a number of senior management and leadership positions in several International and local banks and financial institutions.