Bayt Al Mal Investment: Islamic principles are the software for our human capital
Sulaiman Al-Qimlas, CEO, Bayt Al Mal Investment
Kuwait is the world’s 10th largest oil exporter, and has been enjoying the windfall of rising oil prices. But a lot of this growth is being reinvested in the oil sector, leaving Kuwait’s other industries undeveloped and its economy unbalanced. Sulaiman Al-Qimlas reveals the other sectors currently attracting outside investment, thanks to Kuwait’s $120bn five year development plan; and explains Bayt Al Mal Investment’s new focus on Awqaf, the Islamic equivalent of endowment.
Adel Al-Majed, Chairman and Managing Director, Boubyan Bank
Adel Al-Majed’s 13 years of experience at National Bank of Kuwait were invaluable when the group gained control of Boubyan Bank, setting a clear new strategy and identifying the best people to fulfill its new mission. The new MD talks about the importance of the thriving Islamic segment, the balance sheet surgery Boubyan needed in 2009, and his ambitious goal to become the third-largest bank in Kuwait in five years.
May 4, 2012 Category: Banking
Mark Schmitz and George Lambros, Alghanim Industries
Alghanim Industries is a cross-sector, $2bn turnover business, operating across some of the world’s highest-growth geographies: from south-east Asia, through Vietnam and India, to the Middle East and Turkey. Mark and George explain why a company’s governance journey must start with the “tone at the top” – and how Alghanim’s excellent standards and controls have helped it expand three-fold in 10 years.
April 20, 2012 Category: ESG
Elham Mahfouz, Acting CEO, Commercial Bank of Kuwait
Commercial Bank of Kuwait has been driving the implementation of banking technology since its birth in 1960 – it was the first to implement ATMs, and recently upgraded its technological core. Elham Mahfouz discusses how CBK’s business has evolved since the financial crisis, and its commitment to remain a local bank: supporting local businesses while facilitating international investment.
March 9, 2012 Category: Banking
May Al-Mudhaf, Chief Investment Banking and Treasury Officer, Burgan Bank
Offering personalised advisory and wealth management services to high net worth individuals, Burgan Bank is a leading financial partner in the MENA region. CIO Ms Al-Mudhaf describes the bank’s plans to further diversify its offering to meet the needs of its sophisticated customer base.
September 14, 2011 Category: Banking
Bader Nasser al-Subaei, Chairman and CEO, Kuwait Investment Company
The last two decades have been turbulent for Kuwait, with beginning in 1990 when Iraq invaded, followed by continued uncertainty in the GCC region and climaxing in the latest global financial crisis. Mr al-Subaei explains how investment culture in the Middle East has evolved through these seismic events.
July 11, 2011 Category: Investment
Emad Al-Monayea, CEO and Vice Chairman, Liquidity Management House
The sukuk market is less than 10 years old – but as investors are turning away from the complicated bond structures that contributed to the financial crisis, it is seeing significant growth. Emad Al-Monayea explains the appeal of transparent and responsible sharia bonds.
March 3, 2011 Category: Investment