Highlights
- Emirates Islamic , a Dubai-based Islamic lender, appoints Farid Al Mulla as its new Chief Executive Officer.
- Farid Al Mulla brings 32 years of banking experience to his new role, having previously served as the bank’s Head of Consumer Banking and Wealth Management.
- The announcement follows the retirement of Salah Amin, a seasoned banker who dedicated 35 years to the Emirates NBD Group.
- Hesham Abdulla Al Qassim, Emirates Islamic Chairman and Managing Director of Emirates NBD, praises Salah Amin’s distinguished legacy and wishes him a well-deserved retirement.
- Emirates NBD Group CEO Shayne Nelson expresses confidence in Farid Al Mulla’s ability to continue the bank’s growth trajectory.
- Al Mulla’s leadership will focus on strategic expansion across key segments, including Consumer, Corporate, and SME banking, while driving innovation, as demonstrated by Emirates Islamic’s recent issuance of the UAE’s first dirham sukuk.
- Under Salah Amin’s leadership, the bank achieved a remarkable 21% growth in online and mobile transactions in 2022, along with successful Emiratisation campaigns and tailored banking products for UAE nationals.
Emirates Islamic
Emirates Islamic , a prominent Islamic lender based in Dubai, has revealed the appointment of Farid Al Mulla as the institution’s new Chief Executive Officer. This significant decision follows the retirement of esteemed banker Salah Amin, who served the Emirates NBD Group for an impressive 35 years.
Farid Al Mulla
Farid Al Mulla brings an extensive 32-year career in the banking industry to his new leadership role. Prior to this appointment, he held the position of Head of Consumer Banking and Wealth Management within the organization.
Read Also: Empower Your Property Strategically Sublet Dubai Villa Floor within Legal Bounds
Salah Amin’s legacy
Emirates Islamic Chairman and Managing Director of Emirates NBD, Hesham Abdulla Al Qassim, commended Salah Amin’s legacy and extended well-wishes for his retirement. Al Qassim noted the bank’s remarkable half-yearly results under Amin’s leadership.
Shayne Nelson Opinion
Emirates NBD Group CEO, Shayne Nelson, expressed confidence in Farid Al Mulla’s ability to lead Emirates Islamic forward, emphasizing that he is “extremely well positioned” to continue the institution’s growth trajectory. This growth will be achieved by delivering on the bank’s strategic goals, with a particular focus on expanding across vital segments such as Consumer, Corporate, and SME banking. Nelson highlighted Emirates Islamic’s recent issuance of the UAE’s first dirham sukuk as a testament to its commitment to innovation and product development.
Salah Amin’s Tenure Growth
Under Salah Amin’s tenure, the bank achieved a noteworthy 21% growth in online and mobile transactions during the year 2022. Amin also played a pivotal role in driving Emiratisation campaigns and introducing tailored banking products designed for UAE nationals.
Future Growth
The appointment of Farid Al Mulla marks a significant transition for Emirates Islamic and underscores the bank’s commitment to its continued success in the Islamic finance sector.
