Al Jazeera Finance names CEO

Al Jazeera Finance, which is 30% owned by Qatar Islamic Bank (QIB), has appointed Amer Mohamed al-Jabri as its chief executive officer (CEO). Prior to this, al-Jabri was assistant general manager of retail and small and medium enterprise banking services with QIB. His role involved formulating general strategy and development plan to achieve the general objectives of the company in order to provide the customers with quality services, realise good profits and ensure the implementation of the company’s expansion plans. “My priorities are to enhance the company’s points of strength; the most important of which are high-quality customer service and quick delivery of finance operations,” he said after taking over as the CEO. He said real estate and SME finance were among the most successful products. On the obstacles being faced today, he felt that finance businesses needed to be more independent from the banks in applying the standards and conditions in such a way as to safeguard the rights of the shareholders. “The Islamic finance industry has been growing rapidly and it will have a big share in the market. It will surpass the traditional banking industry in terms of strength and size,” he said.