back Back

Emirates Islamic appoints Farid Al Mulla as Chief Executive Officer

By Delisha Fernandes

September 11, 2023

  • Banking Solutions
  • Banking transactions
  • Chief Executive Officer

Emirates Islamic, Islamic financial institutions, Chief Executive Officer, Emirates NBD, Wealth Management, Consumer Banking, banking transactions, banking solutions, FinTech news, FinTech UAEEmirates Islamic, one of the leading Islamic financial institutions in the UAE has appointed Farid Al Mulla as its new Chief Executive Officer.

As Emirates Islamic’s current Head of Consumer Banking and Wealth Management, Farid has played an instrumental role in the bank’s strong profitability and income results, especially over the first half of 2023, as well as its continued digital transformation. This includes enhancing the bank’s digital channels, leading to a notable 21% surge in online and mobile banking transactions throughout 2022.

Hesham Abdulla Al Qassim, Vice Chairman and Managing Director at Emirates NBD and Chairman of Emirates Islamic said, “On behalf of the Emirates NBD Board of Directors, we are pleased to announce the appointment of Farid Al Mulla as our new Chief Executive Officer for Emirates Islamic. With a thirty-two-year industry track record including as Emirates Islamic’s current Head of Consumer Banking and Wealth Management, and respected reputation in Shari’a banking, Farid is the ideal leader for Emirates Islamic as it embarks on its next growth phase.”

Furthermore, he has taken the lead in driving a series of highly effective Emiratisation campaigns, while also spearheading the introduction of innovative banking solutions tailored to UAE nationals, including the Emarati Family Savings Account, Emarati Business Account, and the Super Savings Etihad Guest Account.

Farid’s appointment also highlights the effectiveness of Emirates Islamic’s long-term Emiratisation strategy, especially its focus on developing UAE Nationals for key executive roles and succession planning.

Shayne Nelson, Group CEO at Emirates NBD and Board Member of Emirates Islamic said: “Farid’s track-record of success including at Emirates Islamic and reputation as a Shari’a banking leader means he is extremely well-positioned to continue Emirates Islamic’s growth trajectory. That will be achieved by delivering on our strategy, focusing on continued expansion across critical segments like Consumer, Corporate and SME, while pioneering new products as demonstrated by Emirates Islamic’s recent issuance of the UAE’s first dirham sukuk.”

Previous Article

September 11, 2023

iPiD and Digit9 partner to elevate customer payment experience

Read More
Next Article

September 11, 2023

Perfios bags $229m in Series D funding led by Kedaara Capital

Read More

IBSi Daily News Analysis


July 19, 2024

Banking Solutions

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 19, 2024

Sopra Banking Software partners with Finom

Read More

July 19, 2024

FinTech Focus: Catch latest developments of the week

Read More

July 19, 2024

Paysys Labs & Raqami Islamic Digital Bank to fuel digital payments in Pakistan

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024