Bank Nizwa appoints Dr Mansour Alqudah as Head of Shari’a compliance
Bank Nizwa announced the appointment of Dr. Mansour Ali Muhammad Alqudah as its new Head of Shari’a compliance. In his new role, Alqudah will be overseeing the bank’s implementation of Shari’a-compliant operations. He will also be working closely with the bank’s Shari’a Supervisory Board to streamline the most transparent practices across the bank’s portfolio of products and services.
“Being in-line with the Central Bank of Oman’s Islamic Banking Regulatory Framework, it is paramount to provide comprehensive consultations to the bank’s various functions. We will also work closely with the different departments and the management team to ensure complete transparency across all operations,” said Dr. Mansour Ali Muhammad Alqudah, Head of Shari’a Compliance at Bank Nizwa.
Industry veteran, Dr. Mansour Ali Muhammad Alqudah, has more than 20 years of experience in Islamic finance. Prior to joining the bank, Alqudah held various posts in a host of well-respected financial institutions including Assistant General Manager of the Shari’a Control Department at Alinma Bank in Riyadh, Shari’a compliance Officer, Shari’a Auditor, Shari’a Reviewer and Shari’a Board Secretary at Jordan Islamic Bank. Alqudah is also a Doctor of Philosophy (Ph.D.) in Islamic Economics and Banking earning his degree from the Yarmouk University in Jordan. In addition, he is also a Certified Islamic Shari’a Specialized Auditor (CISSA) from the General Council for Islamic Banks and Financial Institutions (CIBAFI) and has a Diploma in Auditing from the Arab Academy for Banking and Financial Sciences and a Certified Islamic Banker Certificate (CIB).
The formation of Bank Nizwa came about with the Central Bank of Oman granting its initial approval to the licensing of the Bank to Sheikh Saud bin Ali Al Khalili. Sheikh Saud and a further 92 other Omani individuals, companies and pension funds constitute the founder shareholders of the Bank.
Bank Nizwa is Oman’s first dedicated Islamic bank, with fully Shari’a compliant products and services.
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