Wahed Appoints Khalid Al Jassim as Executive Chairman for MENA Region
Portfolio - People | Nov 24, 2024 | EIN
Wahed, a global shariah-compliant fintech company, has appointed Khalid Al Jassim as the Executive Chairman of Wahed MENA. Al Jassim's new role will involve guiding the strategic growth of Wahed in the MENA region. With over twenty-five years in investment banking and corporate advisory roles at leading institutions like SABIC, Arthur Andersen, and Arcapita Bank in Bahrain, Al Jassim brings substantial experience to the Wahed team. His previous roles included transforming Arcapita Bank into a private equity force and establishing Afkar Vision, a private advisory specializing in mergers and acquisitions. Al Jassim's deep-rooted connection with Islamic finance, as indicated by his positions on the board of Bahrain Islamic Bank and SICO Bank, will be instrumental for Wahed's continued growth. Mohsin Siddiqui, Wahed's CEO, expressed enthusiasm about Al Jassim's appointment, highlighting the value of his understanding of the MENA financial landscape. Wahed, founded in 2015, champions financial inclusion through shariah-compliant and values-based investment products, servicing over 400,000 customers globally and managing over $1 billion in assets.
Sectors
- Financial Technology (Fintech)
- Investment Banking
- Islamic Finance
Geography
- Middle East and North Africa (MENA) – Wahed is expanding its operations in the MENA region, and Khalid Al Jassim is appointed to lead this strategic growth.
- Qatar – The announcement of Khalid Al Jassim's appointment was made in Doha, Qatar, indicating a significant geographical focus.
Industry
- Financial Technology (Fintech) – Wahed operates in the fintech industry, providing digital platforms for financial inclusion through shariah-compliant investment products.
- Investment Banking – Khalid Al Jassim's experience is deeply rooted in investment banking, a field which plays a crucial role in mergers, acquisitions, and financial advisory services.
- Islamic Finance – Wahed focuses on advancing shariah-compliant financial solutions, which are an integral part of the Islamic Finance industry.
Financials
- $8 billion – Assets managed by SICO Bank, where Khalid Al Jassim is a board member.
- $1 billion – Assets managed by Wahed globally.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Wahed | Fintech Company | Company | A shariah-compliant financial technology company catering to over 400,000 customers worldwide. |
| Khalid Al Jassim | Executive Chairman of Wahed MENA | Person | An experienced professional in investment banking and corporate advisory, tasked with guiding Wahed's growth in MENA. |
| Mohsin Siddiqui | CEO of Wahed | Person | CEO at Wahed, responsible for strategic decisions including the appointment of Khalid Al Jassim. |
| Bahrain Islamic Bank | Board Member | Company | The 4th oldest Islamic Bank where Khalid Al Jassim serves as a Board Member. |
| SICO Bank | Board Member | Company | A significant asset manager in the region where Khalid Al Jassim serves as a Board Member. |
| Afkar Vision | Chairman | Company | Private advisory firm specializing in mergers and acquisitions founded by Khalid Al Jassim. |