Muzn Islamic Bank's Board of
Directors represents a wealth of experience in Shari'a-compliant Islamic
Banking in the region and around the world, guiding the operations and
activities of the bank.
Chairperson of the ENRC Sayyida Dr. Rawan Ahmed Al Said is the CEO of Takaful Oman SAOG, Prior to joining Takaful Oman, she was the Managing Director and CEO of ONIC Holding Corporation. Before moving to the Private Sector, Rawan was the Deputy CEO-Investment for the State General Reserve Fund of Oman, leading the execution of many mega investments internationally. She has almost 30 years of experience in the financial industry, 20 of which are in the Public sector. Sayyida Rawan remains to be the First and the only Female who holds a CEO position in a public listed company in Oman. She has been a member on the Board of a number of reputed Companies and Financial Institutions in Public and private sector in Oman and the GCC region. Chairperson in National Bank of Oman, Deputy Chairperson in Oman Oil Marketing Company, Board Member of Oman National Investments Development Company ONIDCO (Tanmia) and Chairperson of its equity and GCC funds committee. In the public sector, she was on the board of Oman Oil Company SOAC and its audit committee. She was on the Board Member of International General Insurance (IGI) Jordan, and National Finance House (NFH), Bahrain. Deputy Chairperson of Orix Finance, National Life & General Insurance Company SAOC (NLIG) and Al Ahlia Insurance. She is also a Member on the Investment Committee of the Public Authority for Social Insurance, Board Member in Public Authority for the SME Development (Riyada). Chairperson of Al Kawther Fund (Islamic Compliant Fund) and a Member of the Investment Committee of Orphans & Incapacitated Funds in the Ministry of Justice. She has been recently appointed as a Board member of the Sultan Qaboos University Council. Awards and Recognition: In 2011, She was bestowed the Business Professional (BizPro) Leader Award. In 2012, was ranked 14th in Forbes Middle East for the ‘Most Powerful Arab Business Women in Listed Companies’. In 2014, Rawan was named among the Best Chief Executives in the region by Trend in collaboration with INSEAD (The Business School for the World). Also she was Awarded Hall of Fame by MARA Excellence Awards. In 2015, she was honored with two prestigious Awards; Asian Women Leadership of the Year from World Leadership Congress and in MENA and Business Leader of the year from the Middle East Accountancy and Finance Excellency Awards 2015. In 2016 she was honored with Honorary Doctorate Degree from Commonwealth University in UK and she was awarded as the Best Takaful CEO from Global Business Outlook, UK. Dr. Rawan ranked 3rd in Oman for Forbes the Top 100 most powerful Arab Businesswomen 2017. In 2017 and 2018 she won the best CEO-Oman award from International Finance UK and she won Oman Women of the year awards 2018 for the inspirational woman category. Sayyida Dr. Rawan, has an MSc in Economics & Finance from Loughborough University UK. She also holds a Post Graduate Diploma in Investment Analysis from Stirling University UK, and BA in Economics & Political Science from the American University in Cairo (AUC).
Member of the Executive, Nomination and Remuneration Committee (ENRC) H.E. Sheikh Abdulla bin Ali bin Jabor Al Thani has been a Director of the Bank since July 2005 and serves as a member of the Board Executive, Nomination and Remuneration Committee (ENRC). His Excellency is the Chairman of The Commercial Bank (P.S.Q.C.) in Qatar, a member of the Board of Directors for United Arab Bank, P.J.S.C. in UAE and is the Owner of Vista Trading Company (Qatar), and a Partner in Integrated Intelligence Services Company (Qatar). H.E. Sheikh Abdulla bin Ali bin Jabor Al Thani holds a Bachelor of Arts Degree in Social Science from Qatar University.
Member of the Executive, Nomination and Remuneration Committee (ENRC) Mr. Abraham was appointed as a Board Member of NBO in May 2018. Mr. Abraham is the Group Chief Executive Officer of The Commercial Bank as well as Vice-Chairman of the Board of Directors of Alternatif Bank and a Board Director of the United Arab Bank, UAE. He has extensive banking experience across both developed and emerging markets. Before joining The Commercial Bank in June 2016, he was CEO of ANZ Indonesia (Australia and New Zealand Banking Group) based in Jakarta, a position he served in from 2008 to 2016. Mr. Abraham has an MBA from the Graduate School of Business, Stanford University, California and has worked in Indonesia, Singapore, Hong Kong, Ghana, UK and India in various country and regional banking roles with a successful track record covering general management, corporate banking, strategy, product management as well as acquisitions and integrations. Mr. Abraham was appointed as a Board Member of Alternatif Bank in December 2016.
Member of the Credit Committee of the Board (CCB) and the Board Risk Committee of the Board (BRC) Mr. Fahad Badar has been a Director of the Bank since May 2016. He is also a member of the Board for United Arab Bank, P.J.S.C. in UAE since July 2016. Mr. Badar's career at The Commercial Bank (P.S.Q.C.) in Qatar spans over 19 years. Prior to his current role as Executive General Manager, International Banking, he held a number of key roles in International Banking, the Government and Public Sector Relations and the Wholesale Banking Divisions. Mr. Badar holds an MBA from Durham University, UK and a Bachelor of Arts Degree in Banking & Finance from the University of Wales.
Chairperson of the Board Audit Committee (BAC) Mr. Rahul Kar has been a Director of the Bank since April 2016. Mr. Kar is a Chartered Accountant and is currently working as the Financial Advisor to the Chairman of Suhail Bahwan Group Holding LLC. Mr. Kar is also a Director and an Audit committee member of Al Jazeera Steel Products Co. SAOG. He is also a Director and Nomination & Remuneration committee member of Oman United Insurance Company SAOG.
Member of the Executive, Nomination and Remuneration Committee (ENRC) and the Board Risk Committee (BRC) Ms. Amal Suhail Bahwan is the Vice Chairperson of Suhail Bahwan Group Holding LLC. She has extensive experience in managing companies across the Bahwan Group. She is also the Chairperson and Executive Committee member of Al Jazeera Steel Products Co. SAOG. and Director and Board Remuneration Committee member of Oman Oil Marketing Co. SAOG. Ms. Amal has a Bachelor's degree in Education and a Master's degree in Administration from the Sultan Qaboos University.
Chairperson of the Board Risk Committee (BRC) and Member of the Board Audit Committee (BAC) Mr. Mohammed Ismail Mandani Al Emadi has been a Director of the Bank since November 2014. He is also a member of the Board for The Commercial Bank (P.S.Q.C.) and a member of the Board of Alternatifbank A.S. (ABank), Turkey and has over 30 years of banking experience. Mr. Al Emadi has held a number of key roles at Commercial Bank until 2006, after which he served as Chief Executive Officer of Qatar Real Estate Investment Company Q.S.C. up to 2011, and also served as its Director from 2003 until 2005. Mr. Al Emadi holds a Bachelor of Arts Degree in Business Administration and Economics from Holy Names University, California.
Member of Credit Committee of the Board (CCB) Ms. Najat Ali Al Lawatia was elected as a Director of the Bank at the AGM in March 2017. She holds a Commerce Bachelor Degree in accounting and has attended various courses in diverse fields of financial management, audit, investments etc. She is working as the Deputy Director General for Support Services with Civil Service Employees Pension Fund and has more than 20 years of relevant experience. Ms. Najat is also a Director and Chairperson of Audit Committee of Oman Cement Company SAOG.
Chairperson of the Credit Committee of the Board (CCB) and member of the Board Executive, Nomination and Remuneration Committee (ENRC) Mr. Hamad Mohammad Al Wahaibi has been a Director of the Bank since March 2014. He has 20 years of experience in the GCC. He has been a director of investment with the Ministry of Defense Pension Fund for the past six years. Mr. Al Wahaibi is also a member of the boards of Voltamp Energy Company and ACWA Power Company. Mr. Al Wahaibi holds a Masters of Business Administration (MBA) degree, specializing in Finance, and he is a Chartered Financial Analyst (CFA) charter holder, Chartered Alternative Investment Analyst (CAIA) charter holder, as well as a Certificate in Investment Performance Measurement (CIPM) Certificate.
Member of the Board Audit Committee (BAC) and the Board Risk Committee (BRC) Mr. Al Hashar joined NBO Board as a representative of the Public Authority for Social Insurance (PASI) in March 2017. He is currently the Authority's Director of Investments. He has over 20 years of experience in finance and investment management, and represents PASI on the boards of numerous public and private companies. He is also a Board Director at National Life & General Insurance Company SAOG and Oman National Investments Development Company SAOC (TANMIA). Mr. Al Hashar holds a Master's Degree in Finance and Investment Management.
Member of the Board Audit Committee (BAC) and a member of the Credit Committee of the Board (CCB). Sheikh Rashid has been a member of the Board of Directors since August 2017, and is a renowned financial and investment banker, business executive, entrepreneur and philanthropist. Sheikh Rashid is also the CEO of TANMIA, a company that actively contributes to the Sultanate's economic development. Sheikh Rashid holds a B.Sc. in Business Administration from Rollins College, USA. His career is marked by many significant achievements and milestones; including a twelve year stint with the Diwan of Royal Court. In 2000, Sheikh Rashid was appointed CEO of TANMIA, which was setting up its Investment Fund with the Muscat Securities Market at the time. Following his appointment, the Board of Directors decided to transfer the responsibilities of managing the fund to the company directly, and two new Funds were set up subsequently; a Private Equity Fund, the GCC Investment Fund, and the Sharia Fund in 2013. In addition, Sheikh Rashid also drove direct investments into various industries, including and not limited to Real Estate Development; the company played an active role in the development of the Al Mouj Muscat Project, and in the Tourism sector, the company played a key role in setting up the Kempinski Hotel, Muscat. In the Industrial Sector the company contributed to the establishment of Octal Petrochemicals, also extending into the retail sector by partnering with Al Meera Group to set up its business in the Sultanate. In addition to his executive responsibilities, Sheikh Rashid is the Chairman of Board of Directors of Takaful Oman SAOG and A'saffa Foods SAOG. He is also a Director on the Boards of Oman National Finance Co. SAOG, Minerals Development Company SAOC, Muscat National Development and Investment SAOC, Almouj Muscat & Oman Hospitality Company.
Sayyid Wasfi Al Said is the Acting Chief Executive Officer at National Bank of Oman NBO. Prior to his appointment, Sayyid Wasfi has held posts as CIO and Deputy Head of WB, he is also a member of all the Bank’s Management Committees. Sayyid Wasfi played an instrumental role in the architecture of the five-year growth strategy for the bank, which centered around a vision to make NBO the bank of choice in the Sultanate.
Prior to joining to NBO Sayyid Wasfi served as Deputy Director of Investments at the State General Reserve Fund. Additionally, he served as Deputy Chairman of the Investment Committee for domestic equities and as a member of the Investment Committee of the National Investment Funds Company (NIFCO) and National Equity Fund (NEF). He was also a founding member of the Investment Advisory team for the Investment Stabilization Fund.
Sayyid Wasfi served as Chairman of National Aluminum Products Company SAOG (NAPCO), Deputy Chairman of Gulf Energy LLC and as a member of the Investment Committee for Oman Integrated Tourism Projects Fund. He has held several board memberships across various industries including manufacturing, Oil and Gas, Investments and Tourism.
Sayyid Wasfi holds, Business and Finance degrees from the University of Portsmouth, UK and El Centro Europeo de GestiÓn de Empresas, Madrid, Spain.
Nasser Al Rashdi joined National Bank of Oman in June 1993 as the first management trainee. Throughout his 20-year tenure, he has made significant contributions to the development of the bank in various areas including corporate banking, risk management (corporate, retail, operational risk, information security and business continuity), internal audit, asset-liability management, investment banking, strategic and business planning and remedial management.
Al Rashdi has been an integral member of National Bank of Oman’s senior management - prior to becoming the Chief Internal Auditor; he was Chief Risk Officer (July 2008 - October 2010) and a member of various management committees such as ALCO, Risk, Executive and Tender Committees.
Al Rashdi holds a Business and Management Engineering Degree with distinction from Université Catholique de Mons in Belgium. He also attended an intensive Advance Development Program at London Business School.
Ananth Venkat is responsible for all of National Bank of Oman’s financial affairs in Oman and abroad. As CFO, he plays a crucial role in delivering long-term sustainable growth and promoting a culture of high performance and excellence across the organisation.
Venkat was appointed CFO in 2013 following more than two decades of experience with leading financial institutions across the Middle East and Africa. He bring expertise to National Bank of Oman in asset and liability Management (ALCO), strategic planning, corporate governance, risk and compliance, and developing relationships with investors, analysts and rating agencies. He also has extensive experience working within regulatory frameworks such as Basel II & III, International Financial Reporting Standards (IFRS) and Sarbanes-Oxley.
Before joining National Bank of Oman, Venkat served as CFO of RAKBANK in the United Arab Emirates, prior to which he was CFO of Saudi Hollandi Bank in Saudi Arabia. He has also held senior leadership positions at Barclays Africa, where he served as a board member of several Barclays subsidiaries in Sub Saharan Africa, and Ahli United Bank in Qatar. He began his career in India as a financial consultant with A.F. Ferguson & Co., before relocating to Africa to work as a senior auditor with KPMG Peat Marwick, and, later, PricewaterhouseCoopers.
Venkat holds a Bachelor of Commerce from Madurai University, India. He is an Associate Member of the Institute of Chartered Accountants of India and has completed numerous specialist finance courses on topics such as anti-money laundering, market risk, IFRS, Basel II, Sarbanes-Oxley, Islamic banking, derivatives and options.
Faizal Eledath has been National Bank of Oman’s Chief Information Officer since October 2012. He leads the bank’s IT and Enterprise Project Management Office and is responsible for ensuring that new technologies and distribution channels are effectively leveraged to enhance customer experience along with the bank’s overall productivity, effectiveness and competitiveness.
With over 20 years of experience in the fields of banking strategy, technology, operations and management, he has a proven track record of successfully implementing strategic, business-critical technology and operational initiatives. International Data Group (IDG), the leading technology media, events and research company, has twice named Eledath among the region’s Top 20 CIOs.
He brings to National Bank of Oman a depth of technical knowledge in areas such as enterprise application systems, technology infrastructure, application development methodologies, banking operations, outsource management, quality management, enterprise architecture and innovation management.
Eledath has overseen the successful implementation of several major IT programmes during his time at the bank, primarily around customer centricity. This has included the launch of the Muzn Islamic banking window, the migration to chip and PIN, the implementation of a new treasury system and new corporate loan origination system, the reengineering of end-to-end processes to reduce the overall turnaround time of key enterprise processes, and the upgrade of IT and security infrastructure.
Before joining National Bank of Oman, Eledath served as CIO of Dubai Bank, an Islamic bank in the UAE that later became part of Emirates Islamic Bank. Prior to this, he was Vice President, Information Technology Solutions at Mashreq Bank, UAE, with responsibility for all channels, including branch systems, call centres, Internet banking, ATMs, credit card systems and CRM systems. He began his career in 1992 as a Senior Systems Analyst at Oman Computer Services (OCS).
Eledath holds a Bachelor’s degree in Computer Science from Bharathiar University, India, and a Master’s degree in Computer Science from the University of Alabama at Birmingham. He also has as an MBA from Southern New Hampshire University, USA, and has attended executive education programmes at Harvard Business School on subjects including launching new ventures and the small business life cycle.
Salma Al Jaaidi joined the bank in 2003 in the Risk Group. Prior to becoming Chief Risk Officer she was the Deputy Chief Risk Officer. She has a Master's in Business Administration. With a career spanning over 29 years with various leading financial institutions such as Standard Chartered and Majan International Bank.