About us - Board of Directors


Mr. Najmul Hassan

Chairman

Mr Najmul Hassan presently Chairman of Board in Maldives Islamic Bank, and representing ICD on the Boards Zaman Bank Kazakhstan and Al Baraka bank Pakistan. Recently he retired as Director, Financial Institution Development Department at the Islamic Corporation for the Development of the Private Sector (ICD), which is part of Islamic Development Bank (IDB), Jeddah. 

 

Prior to joining ICD he was Chief Executive Officer of Gulf African Bank. Gulf African Bank set up in early 2008, is the first Islamic Bank in Kenya.

Before joining Gulf African Bank, Mr. Hassan worked as General Manager Corporate and Business Development in Meezan Bank Limited (MBL), the first and largest Islamic commercial Bank in Pakistan. He was one of the founder members of the Bank and played an instrumental role in leading the successful conversion of the operations of the Bank into full-fledged Islamic commercial bank, upon the acquisition of Society General in 2002.

Before joining MBL, he worked as a Managing Director, Delphi Diesel systems (Pakistan), and prior to that as Managing Director in Agro Auto Industries, which is one of the largest automotive parts manufacturing company in Pakistan.

Mr. Hassan started his career with Pakistan Air Force in Maintenance and Technical branch.

 

He has participated as a speaker in numerous workshops and seminars on topics related to Islamic Finance in Pakistan, Kenya, Saudi Arabia in addition to conducting training program with Dun & Bradstreet in Dubai, Bangladesh and training of Shariah scholars on AAOIFI standards, in UK with First Ethical.

 

He holds Master of Business Administration (MBA) and Bachelor Degree in Aeronautical Engineering (BE). He has done courses on Positive Psychology from University of Pennsylvania and Fintec from Oxford University UK.


Mr. Mohammed Ataur-Rahman Chowdhury


Mr. Mohammed Ataur Rahman Chowdhury is a seasoned financial sector specialist, having spent more than 18 years across in the Financial Institutions domain covering multiple geographic regions across Middle-East, North Africa, West Africa, Central Asia and Southeast Asia. His diversified experience was spent mostly in senior roles in direct financing, investment banking, commercial banking, FI equities, board representations and turning around financial institutions. Joined in 2007, at present, Mr. Chowdhury holds the position of Head of Banking Equities at the Islamic Corporation for the Development of the Private Sector ("ICD"); the private sector arm of the Islamic Development Bank ("IsDB") Group leading establishment and formulating strategies of more than 15 Islamic banks with aggerate portfolio of nearly USD 260 million. He is a Board member in Maldives Islamic Bank and Amana Bank, Sri Lanka. Briefly, Mr. Chowdhury also worked as Adviser, Financial Institutions for The European Bank for Reconstruction and Development ("EBRD") in London, UK on secondment from ICD.      

 

Mr. Chowdhury's professional career, preceding his ICD tenor, included 7 years in Bangladesh's financial sector, holding the roles of: Corporate Relationship Manager in Commercial Bank of Ceylon Limited (Bangladesh operation), Investment Manager in IPDC (the first Development Financial Institution in the country) and Senior Investment Analyst in BRAC-EPL (a premier investment bank in the country).

 

A well learned individual, Mr. Chowdhury holds an MBA in Finance from IE Business School, Spain, and another MBA in Finance & Accounting from North South University, Bangladesh. He has also earned a Diploma in Board Certification of Company Direction from the Institute of Directors, United Kingdom.  

 

Nasser Mohammed Al-Thekair

 

Nasser Al Thekair is currently the General Manager of the Trade & Business Development Department in the International Islamic Trade Finance Corporation (ITFC), Member of the Islamic Development Bank Group (IsDB Group). He has the responsibility of developing trade in the Member Countries, developing new business lines & products, managing of partnerships, innovation, policy analysis, setting up new funds as well as leading the decentralization of ITFC.

 

Prior to this role, Nasser was the Assistant General Manager of Corporate & Structured Finance Department (CSF), with the responsibility of overseeing all ITFC trade finance transactions for Middle East and North Africa which he has grown to become a business portfolio in excess of US$ 2.2 Billion from US$ 500 Million.

 

His main achievements in the area of Islamic Finance relates to leading and supervising the structuring of several transactions that won international recognition from Islamic Finance News, Euromoney and Global Trade Review. In addition, during the period of 2006 to 2008 he was part of the team that was tasked with the role of establishing the ITFC as a separate entity within the IDB Group and transferring the operations of the Trade Finance & Promotion Department (TF&PD) to the new entity.

 

Prior to the start of ITFC in January 2008 he was Head of the Arabic Countries Section in the TF&PD at IDB, having progressed rapidly since he joined the IDB in the year 2000.

 

On the Executive level, Nasser is a member of the Investment Committee of the ITFC Sovereign Energy Fund (ISEF), Governing Board & Executive Committee member of the Arab Africa Trade Bridges Program (AATB), Practitioner Advisory Board Member of The Institute for Trade and Innovation (IfTI) and member of the Steering Committee of the ICC Regional Banking Commission Middle East and North Africa (MENA).

 

Nasser holds a bachelor's degree in Electrical Engineering from King AbdulAziz University in Jeddah, Saudi Arabia and a Masters degree in Business Administration (MBA) from the University of Leicester School of Management, United Kingdom, as well as Executive Education in Business Leadership from IMD Business School in Switzerland.  


Ms. Fathimath Shafeega


Ms. Fathimath Shafeega was the former Chief Executive Officer of the Capital Market Development Authority (CMDA). In her nine years tenure as CEO of CMDA, the foresight and forward thinking plans implemented under Shafeega's leadership gave rise to the existing corporate governance framework and institutions in the capital market.

 

Ms..Shafeega  served in the financial sector of the Maldives for more than two decades which included serving in MMA as Deputy Managing Director / Capital Market Division. During her tenure at the CMDA, she sat on the Board of CMDA and also served as a member of the Small and Medium Enterprises Council, a board member of the Institute of Corporate Directors and Secretaries and also represented CMDA on the International Organisation of Securities Commissions (IOSCO).

 

Prior to joining the CMDA, Ms. Shafeega worked at the Maldives Monetary Authority for 24 years in various capacities, the last behind as Deputy Managing Director.

 

Shafeega is currently the Chairperson of Dhivehi Insurance Company Pvt. Ltd and is also a Board Director and the Chairperson of the Audit Committee of the Maldives Islamic Bank. She is also the Senior Advisor of Ensis Group of Companies. She is the co founder and President of Women on Boards NGO that works towards empowerment of women leaders especially in the Maldivian financial sector. She is also the founder of the Maldives Capacity Development and Governance Institute and holds the position of Advisor of the Institute.

 

Ms. Shafeega has received the Prestigious Rehendi Award from the Government of Maldives to recognize outstanding service of women to national development and the society. Shafeega hold a Graduate Diploma and Masters degree in Banking and Finance from the Monash University Australia.

 

Institutions involved in

-              Maldives Islamic Bank

-              Women on Boards

-              Dhivehi Insurance

-              Maldives Capacity Development and Governance Institute

             


Mr. Osman Kassim


Mr. Osman Kassim is a renowned and highly-respected entrepreneur in Sri Lanka. He is the founder and currently the Chairman/Executive Director of Amana Bank PLC. He was formerly the Chairman of the Expolanka Group and at present sits on the Board of Expolanka Holdings PLC as a Non-Executive Director.

 

He is regarded as the pioneer of Islamic finance in Sri Lanka for having introduced Islamic banking and insurance and counts over 28 years of senior management experience in these fields. He has travelled extensively and is fully conversant with Islamic Banking practice and methodology in most countries, where Islamic banking is available.

 

Mr. Osman Kassim is also the Chairman of Vidullanka PLC, Asia Pacific Institute of Information Technology (Pvt) Ltd. and Alhasan Foundation, Rokfam (Pvt) Ltd. He concurrently holds directorship in Amana Takaful PLC, Amana Takaful Maldives PLC, Crescentrating (Pte) Ltd, Singapore and Crescentrating (Pte) Ltd, Japan.

 

In recognition of his achievements as both a global entrepreneur and visionary educationalist, he was conferred an Honorary Doctorate by the Staffordshire University, United Kingdom. 


Mr. Mohamed Azad


Mr. Mohamed Azad, a Maldivian citizen, is the Board nominee of the Government of Maldives. He has been working with Ministry of Finance as a State Owned Enterprises (SOE) Financial Consultant since 2017. He has worked with number of (SOE) in developing governance frameworks and establishing internal control mechanisms on behalf of the Ministry of Finance.

 

He is also the vice chairperson of the State Internal Audit Committee which has the mandate to oversee the internal audit functions of all state entities including government offices and SOEs.

 

He started his working career in September 2005 with the Anti-Corruption Commission. He spent more than 10 years with the commission in various capacities, related to financial investigations and auditing. He left the Anti-Corruption Commission in August 2016 to join Hazana Maldives Limited as Head of Accounts and Finance. 

 

Mr. Mohamed Azad holds a Bachelor of Business Administration degree and Masters of Science (Finance), both from the International Islamic University Malaysia.


Mr. Abul Ehtesham Abdul Muhaimen

Managing Director/Chief Executive Officer


Prior to joining MIB, Mr. Muhaimen was the Managing Director & Chief Executive Officer of United Commercial Bank (UCB) in Bangladesh. Mr. Muhaimen was also the MD & CEO of Brac Bank Ltd, one of the leading Banks in Bangladesh. Muhaimen is a senior banking professional with over 30 years of experience with MNC & Regional Banks in Asia, Australia, and Middle East holding C-Level jobs in key business and support roles.  He started his career with ANZ Grindlays Bank as Management Trainee in 1986. 


He worked in various management capacities both in Bangladesh & abroad in the role of CFO, Head of Human Resources, Head of Consumer Banking, Chief Operating Officer & Deputy CEO. Muhaimen has multicultural experience across geographies while working in ANZ Grindlays Bank, Standard Chartered Bank and other Banks in Bangladesh & UAE.


Mr. Muhaimen obtained post graduate degree in MBA from IBA, Dhaka University. He has also attended strategic senior management executive courses at INSEAD, Singapore; Cambridge University, UK. Mount Eliza of Monash University, Australia and Harvard University, USA. Mr. Muhaimen also held Board positions as a Director on the Board of Brac EPL, Brac EPSL, bKash and IIDFC in Bangladesh. 




Mr. Ali Wasif 

Executive Director / Chief Financial Officer (CFO)


Mr. Ali Wasif, joined MIB as a Planning and Development Officer in January 2011. Prior to joining MIB, he worked with Maldives Monetary Authority in Banking, Payment and Settlement Division with significant involvement in projects including, Maldives RTGS System and ACH system. He has been the Head of Finance and Accounts of MIB since September 2011 and currently serves as the Chief Financial Officer of the bank.


His experience at the Bank since it's inception has made him a pivotal figure in the financing industry of Maldives. His professional expertise and knowledge has been instrumental in matters of the Islamic Finance industry. Furthermore, he has played  a key role in the introduction of the first shariah compliant treasury instrument in Maldives.


Mr. Wasif holds a Bachelor’s degree in Accounting from Multimedia University, Malaysia and is an affiliate member of ACCA. He also has a Masters in Islamic Finance under the program Masters in Islamic Finance Practice (MIFP) from the International Centre for Islamic Finance (INCIEF).