Board of Directors


Mr. Khalid Hamad Abdul-Rahman Hamad
Executive Director of Banking Supervision, Central Bank of Bahrain
& Chairman, International Islamic Financial Market (IIFM)

Mr. Khalid Hamad has held several senior posts at the Central Bank of Bahrain (CBB).

His current responsibilities include supervision of all banking institutions, including Islamic banks, licensed by the CBB, as well as inspection of all financial institutions, comprising banks, insurance firms and capital market players.

Mr. Hamad began his career in 1987 with the Bahrain Monetary Agency, the predecessor of the CBB. From 1990 till 2003, he served as Acting Director, Inspection and then as Director, Banking Supervision. In 2003, he joined Ernst & Young in Bahrain, serving as Senior Consultant on Risk Management & Regulatory Services. He rejoined the CBB in his current post in February 2006.
Mr. Hamad is Chairman of the International Islamic Financial Market (IIFM), Member of the Technical Committee of the Islamic Financial Services Board (IFSB), Chairman of the Waqf Fund for Research, Education and Training in Islamic Finance and an Associate Member of Toronto Strategic Leadership. He has also served on a number of national and regional committees, including the GCC Banking Supervision Committees, Arab Banking Supervision Committee and Offshore Group of Banking Supervisors.

Mr. Hamad has a Bachelors Degree in Business Administration from the University of Portland, USA and a Strategic Leadership and Executive Management Program certificate from the University of Columbia, New York.

Alternate Board Member

Mr. Danial Mah Abdullah has been appointed as Director-General of Labuan FSA.

Board Member

Mr. M. Anwar Bashori, Director of Islamic Economic & Finance Department, has over 20 years’ experience in Bank Indonesia.

Throughout his career journey, he has gained excellent exposures with the position of Senior Economist in the area of monetary and statistics in Statistic Department as well as BI Tokyo Representatives. With his exposures, he was responsible in contributing the cutting edge strategic development in Bank Indonesia.

Mr. Bashori earned his M.Phil in Economics from Glasgow University in 1999 and he got the opportunity to undertake Financial Programming & Policy from IMF in Washington D.C.

Board Member

Mr. Mohamed Osman Ahmed is currently Director General, Financial Markets Department of Central Bank of Sudan.

Mr. Mohamed has been employed with Central bank of Sudan since 1986 and holds B.Sc. (Honors) in Business Administration, Faculty of Economics and Social Studies from University of Khartoum as well as Diploma in Banking Studies, Higher Institute For Banking Studies and a Master of Banking Studies, College of Business Studies from Sudan University of Science & Technology.

Board Member

Mr. Adi Marhain Leman joined Autoriti Monetari Brunei Darussalam (AMBD) in 2011 when it first established, where he works as an Assistant Managing Director and in charge of Monetary Operations. Prior to joining AMBD,  he worked for Brunei Currency and Monetary Board (BCMB) as Chief Executive Officer and  Investment Division, Ministry of Finance, Brunei Darussalam as Senior Special Duties Officer.

He started his career at Brunei Investment Agency (BIA) as Investment Officer. He had 15 years of experiences in investment and finance and had worked for  BIA London Office and BIA Boston Office.  He has a Master’s Degree in International Finance and MSc in International Business, Economics from Westminster University, United Kingdom (UK) and holds a Bachelor Degree in Economics from Sunderland University, UK. He also received a Diploma in Islamic Banking and Insurance from Institute of Islamic Banking Finance & Insurance, UK.

Board Member

Mr. Haseeb Ullah Siddiqui is Division Manager, Islamic Financial Services Department, at Islamic Development Bank. He has over eighteen years of multi-disciplinary experience in corporate banking & credit, project finance, and business advisory with leading global companies like American Express Bank, Riyad Bank, and Ernst & Young.

At IDB, Mr. Siddiqui is currently responsible for developing the enabling environment for Islamic financial sector in IDB member countries; providing technical assistance for regulatory and institutional reforms; contributing to the development of Islamic financial architecture; and enhancing financial inclusion and improving access to Islamic finance for the poor by establishing or strengthening Islamic microfinance institutions and regulations. He represents IDB on the Boards of Jaiz Bank, Nigeria; Amana Bank Limited, Sri Lanka; and is also a member of the Technical Committee of the Islamic Financial Services Board (IFSB).  

Prior to joining IDB in 2010, Mr. Siddiqui was heading the Financial Economic Solutions Group at Ernst & Young in Bahrain, focusing on strategic projects in economic and infrastructure development. Until 2009, he led the Transactions team in Ernst & Young’s award-winning Islamic Financial Services Group, advising Islamic retail/wholesale banks, funds, and private equity. Working with clients at the board level, he assisted public and private sector in developing business strategy, business planning, capital raising and establishing organizations.

Mr. Siddiqui also advised government clients on policy and development, and project-managed key assignments. He was Acting CEO of The Waqf Fund, at the Central Bank of Bahrain from 2007-2010, on secondment from Ernst & Young, charged with developing the Islamic financial sector in Bahrain. Prior to consulting, he spent 9 years in corporate banking and project finance, providing syndicated financing to oil & gas, petrochemical, water & power & agriculture sectors. 
He holds an MBA degree (Finance) from University of Missouri at Kansas City, and a Bachelor’s degree in Business Administration (Marketing & Economics) from Kansas State University.

Board Member

Mr. Lilian Le Falher is currently Executive Manager-Head of Treasury and Capital Markets & Corporate Banking Group of Kuwait Finance House-Bahrain.

Mr. Lilian has more than 20 years’ experience of Corporate and Investment Banking. He is a member of the executive management team of Kuwait Finance House, Bahrain, heading wholesale banking activities including treasury, capital markets, FI and corporate banking. He has also served on the Board of LMH, a 100% subsidiary of Kuwait Finance House, incorporated in Kuwait and whose mission was to particularly focus on the primary and secondary Sukuk market for KFH Group.

As representative of KFH, he is a board member of the International Islamic Financial Market (IIFM) and he is the chairman of its Executive Committee. He has contributed to the development of various Shari’ah compliant structured products and investment schemes. Mr. Lilian is also a visiting teacher of Islamic Finance at the University of Paris Dauphine.

Prior to joining KFH in 2005, Mr. Lilian spent 9 years with BNP Paribas holding various positions in Europe and the Middle East. He ended his duty at BNPP as Head of Investment Products for the Middle East region, dealing extensively in Equity, Bonds and Structured Products.

Mr. Lilian Le Falher holds a Master in Management (Banking and Finance) from Toulouse Business School (France) and he is a CFA Charter holder.

Board Member

Mr. Abdulrazzak Mohammed Alkhraijy is the Head of Shariah Group at The National Commercial Bank, the largest bank in Saudi Arabia and the leading financial services group in the region.  He is an American educated Saudi banker, with over thirty years experience mostly in Islamic Banking.  He has been with NCB since 1980 following his graduation from Macalester College, St. Paul, Minnesota, USA, with a B.A. degree in Economics and Business.  He was appointed to his current role in January 2014.

Abdulrazzak's extensive career at NCB has carried him to various prominent positions and important areas of responsibility within the NCB Group.  Working as deputy and branch manager in various locations in Jeddah from 1982 to 1985, he was then promoted to manage NCB's main branch, one of the most important positions in the Bank.  He was also a member of various committees including the credit committee, the loans remedial committee, and the personnel committee. 

In between 1987 and 1994, Abdulrazzak assumed the role of Regional Manager for the Western and Eastern regions.  In 1994, he became Deputy Head of the Islamic Banking Division (IBD), undertaking the responsibility of setting up the division's business strategy, leading new product and service development besides determining the suitability of new investment opportunities for assets under management, as Head of Islamic Credit Committee.

In 1998 he was promoted to Head of IBD, a post he held until 2004.  During his tenure in this position, he spearheaded the Bank's efforts to introduce the first capital preserved funds and Islamic equity investment guidelines in addition to launching the first Islamic credit card.  Moreover, he introduced a range of new innovative Islamic funds that helped propel NCB's portfolio to become the leader in Islamic funds, both in terms of diversity and size and grew the Islamic Banking Corporate and Retail business.  Abdulrazzak's assiduous handling of IBD business has enabled the division to become one of the top three contributors to the profit margins of the Bank.

As a result of the merger between Retail and Islamic Banking Divisions, the Islamic Retail Banking Davison was born and Abdulrazzak headed this area from 2004 until 2006.  During this period, he grew NCB's Islamic Banking business by converting individual and regional branches into Islamic Banking.  In December of 2006, he was appointed as Head of Islamic Banking Development Group to oversee all aspects related to Islamic Banking within NCB and some of NCB's Group subsidiaries.  He is also responsible for maintaining and expanding NCB's position as the leader in Islamic finance, both at the retail and the corporate level; in addition to monitoring Shariah-compliance across NCB.

Besides his current role as head of Shariah Group, Abdulrazzak Alkhraijy is a member of NCB's Executive Management team and several high-level banking committees.  He is also a board member of some local and international institutions.

Board Member

Mr. Khurram Hilal heads up the Global Islamic Products function for Standard Chartered Bank’s Islamic banking business (SCB Saadiq).

Over his decade long association with Saadiq he and his team have conceptualized, developed and built products and business across SCB network in Asia, Africa, Middle East, Europe and North America. His product building experience covers all spheres of the banking business including retail, wealth management, private banking, corporate banking, transaction banking and treasury. He is credited with several ground breaking and pioneering Islamic products including first Shariah compliant overdraft, Shariah compliant USD nostro facility, launch of the Saadiq Private bank and the ideation of the first Shariah compliant hedging product to name a few. He has been an active contributor to the Islamic banking industry and regularly provides advice to regulators and industry bodies.

Prior to joining SCB he was working with the largest Islamic bank in Pakistan as an Assistant Vice President in corporate banking department. Khurram is privileged to have worked with and learnt from some of the top scholars in Islamic finance industry. He has a core Islamic banking experience of 15 years. He holds an MBA from the Institute of Business Administration, Karachi and a CFA from the CFA Institute, USA.

Board Member

Mr. Hammad Hassan is currently the Managing Director for Bank ABC Islamic and Group Head of Islamic Banking for Bank ABC.

Mr. Hammad has over twenty three years of banking experience in Corporate & Consumer Banking, Global Transaction Services and Islamic Finance. He has been with Bank ABC Islamic since 2005. Prior to joining Bank ABC, Mr. Hammad worked for over eleven years with Citigroup and its affiliate in Saudi Arabia, Samba Financial Group. Mr. Hammad joined Citigroup in Pakistan in 1994 and moved to Samba Financial Group in 1997. In 2005, Mr. Hammad joined Bank ABC Islamic as the Head of Coverage. In his current role, he is the Global Head for Islamic Banking for ABC Group as well as the Managing Director for Bank ABC Islamic, Bahrain.

Mr. Hammad holds a Master’s degree in business administration (MBA) and B.Sc. in Electrical Engineering.

Board Member

Mr. Mohamed is currently Head of Legal and Governance for Gulf Countries (Legal, Compliance and Shari’ah Governance Dept) of Crédit Agricole Corporate and Investment Bank.

Mr. Mohamed is a Civil Law qualified lawyer and has been practicing law in the Banking industry for more than 14 years; during which he advised on wide array of operations such as project finance, trade finance, asset-backed finance, Islamic finance, capital leasing, derivative transactions, loan syndication and retail banking.

Mr. Mohamed’s expertise is in the Middle East and North Africa region. He also has extensive experience in the field of dispute resolution and banking litigation and a good knowledge of the GCC market in particular.

Mr. Mohamed worked with Crédit Agricole Group in the Middle East for almost 12 years during which he held various positions in the legal department of Egypt and the GCC. He also held a position of a Senior Legal Counsel at National Bank of Abu Dhabi in the UAE.

Board Member

Mr. Ali who joined the Banking industry in 1980 has gained a wide knowledge and comprehensive international experience in both Conventional and Islamic Banking that enable him to effectively manage one of the most active international branches of one of the largest and the best Bank in the Middle East.

Ali is very active and directly involved in the Islamic Banking since 1980, and has developed and structured various Sharia compliance products, financial solutions and documentations that has served the industry since 1980 and established the base for today’s Islamic Banking and Liquidity Management.

Ali is currently the General Manager of National Bank of Kuwait SAK (NBK) Kingdom of Bahrain since 1990 and his major achievements including and not limited to the restructure of NBK’s Conventional Wholesale Branch, the incorporation of the Conventional Retail Branch, the merger of both branches and the establishment of NBK’s Islamic Banking. He is currently managing an asset over BHD2 billion that generating revenue of 150 million with an operation and activity that covering the MENA region. During the last 20 years, he is directly involved in the Group strategic expansion and remarkably contributed to the Group’s performance.

Ali has graduated from the University of Bahrain, attended various courses and seminars in different worldwide Universities and Institutions that has substantially enhanced his knowledge and widened his experience to become a multi task professional who is familiar with International Banking Practices and Regulatory Framework.