Humayon Dar appointed managing director of Deutsche Bank subsiduary Dar Al Istithmar
Dar has been at DI since March 2005. Previously he was at Loughborough University where he founded and directed an MSc course in Islamic economics, banking and finance. He has published on Islamic banking and finance in professional and academic journals, and organises international conferences, seminars and workshops on Islamic economics and finance on both sides of the Atlantic.
Commenting on his appointment Dar said: "Our goal is to be a high-end global provider of Sharia advice to the institutions offering Islamic financial services through a continuous process of innovation in financial solutions and to develop into an international think-tank for the Islamic finance industry. We are operationally independent of our shareholders, including Deutsche Bank, and are set up to serve the Sharia needs of the wider Islamic finance industry. We have recently won Euromoney Best Islamic Advisory and Assurance Award which is another key indicator that we are meeting the needs of our clients."
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About Deutsche Bank
With Euro 993 billion in assets and 63,427 employees, Deutsche Bank offers unparalleled financial services in 74 countries throughout the world. Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
Deutsche Bank ranks among the global leaders in corporate banking and securities, transaction banking, asset management, and private wealth management, and has a significant private and business banking franchise in Germany and other selected countries in Continental Europe.
About Dar Al Istithmar (DI)
DI is a joint venture between Deutsche Bank, Russell Wood and Oxford Islamic Finance and was incorporated in the UK as a private limited company to offer Sharia-compliant solutions to the institutions offering Islamic financial services.