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Humayon Dar appointed managing director of Deutsche Bank subsidiary Dar Al Istithmar

: Monday, March 27 - 2006 @ 12:35

Dar will be based in London and reports to the company board of directors.

Dar has been at DI since March 2005. Previously he was at Loughborough University where he founded and directed an MSc course in Islamic economics, banking and finance. He has published on Islamic banking and finance in professional and academic journals, and organises international conferences, seminars and workshops on Islamic economics and finance on both sides of the Atlantic.

Commenting on his appointment Dar said: “Our goal is to be a high-end global provider of Sharia advice to the institutions offering Islamic financial services through a continuous process of innovation in financial solutions and to develop into an international think-tank for the Islamic finance industry. We are operationally independent of our shareholders, including Deutsche Bank, and are set up to serve the Sharia needs of the wider Islamic finance industry. We have recently won Euromoney Best Islamic Advisory and Assurance Award which is another key indicator that we are meeting the needs of our clients.”

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Monday, March 27- 2006 @ 12:35 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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