Wahed Appoints Khalid Al Jassim as Executive Chairman for MENA Expansion

Wahed Strengthens Leadership in MENA with Khalid Al Jassim's Appointment

In a significant move for the fintech landscape, Wahed, a leading global Islamic financial technology provider, has announced the appointment of Khalid Al Jassim as the Executive Chairman of Wahed MENA. This decision aims to steer the strategic growth of the firm in the Middle East and North Africa (MENA) region. Al Jassim, who also brings over 25 years of experience in investment banking and corporate advisory, expressed his enthusiasm about guiding Wahed's future initiatives.

"I am excited to guide Wahed's growth in the region. Wahed's mission of furthering Islamic Finance is one I resonate with deeply, and I look forward to supporting its growth ambitions," Khalid stated upon his appointment.

Khalid Al Jassim's extensive background features significant leadership roles at renowned institutions. He has a proven track record of excellence, notably with SABIC, Arthur Andersen, and Arcapita Bank - where he was instrumental in transforming the bank into a private equity powerhouse. During his tenure at Arcapita, Khalid initiated and led the Investment Placement Team, contributing to one of the strongest teams in the financial industry.

Currently, he helms Afkar Vision, a private advisory house specializing in mergers and acquisitions with branches in key financial hubs like Manama, Dubai, and Riyadh. Khalid is also a prominent investor in Wahed and holds positions on several boards, including the Audit Committee at Bahrain Islamic Bank and the Board of Directors at SICO Bank and SICO Capital.

Mohsin Siddiqui, CEO of Wahed, remarked on Khalid's vital role in the company's growth, emphasizing his unique understanding of the MENA financial landscape. "We are delighted to announce Khalid's appointment. His unique understanding of the financial landscape in the MENA region is unparalleled, and we are excited to bring this expertise in continuing to grow our presence in the region," Mohsin added.

Since its inception in 2015, Wahed has dedicated itself to enhancing financial inclusion through Shariah-compliant investing. Its easy-to-use platform allows clients to participate in a range of financial products, from managed portfolios to real estate investments, which have attracted over 400,000 users globally. Managing assets worth over $1 billion, the company continues to redefine the accessibility and affordability of finance for individuals seeking to invest in accordance with Islamic principles.

As Khalid Al Jassim steps into his new role, the fintech community eagerly anticipates the innovations and strategies that will arise under his leadership at Wahed MENA. His vision aligns seamlessly with Wahed's objectives of pushing the boundaries of Islamic finance and ensuring that more Muslims can participate in sustainable and ethical investing. With a strong commitment to values-based investing, Wahed is set to continue its trajectory of growth and influence in the global financial sphere. As the importance of digital equity rises, Thad's appointment signifies not just a strategic move for the company but a commitment to fostering growth and innovation within the Islamic finance paradigm.