Iqbal Khan

Chief Executive
Iqbal Ahmad Khan is the Chief Executive Officer of Fajr Capital. He is also a member of the Board of Directors of Bank Islam Brunei Darussalam, Cravia Group, GEMS Education, Jadwa Investment, and National Petroleum Services. Prior to Fajr Capital, he was the founding CEO of HSBC Amanah, where he built the business and team over eight years into one of the fastest growing and most successful emerging businesses in the HSBC Group. He is a long-time advocate of the Islamic financial services industry, serving as an advisor to government initiatives in Brunei, Malaysia, Saudi Arabia, Singapore, United Arab Emirates and the United Kingdom. He holds a Master’s degree in Political Science and International Relations and a B.Sc. (Hons) in Physics and Chemistry, both from Aligarh Muslim University. He is the recipient of several industry and global accolades, including the Royal Award for Islamic Finance, a biannual prize presented by HM the King of Malaysia, and a Lifetime Achievement Award presented by HH Sheikh Mohammed bin Rashid Al Maktoum, Prime Minister of the UAE.

Javed Ahmed

Managing Director
Javed Ahmad is a Managing Director at Fajr Capital. He was previously the Managing Director of Bank Islam Brunei Darussalam and also served as Managing Director at HSBC Amanah, where he led HSBC Amanah’s retail franchise in Saudi Arabia and global wealth management business, overseeing a wide range of funds across diverse asset classes. He has a long track record of successful corporate finance transactions in Islamic finance at HSBC Amanah, at RHB Sakura Merchant Bankers Berhad as a General Manager, and at the DMI Group. Mr. Ahmad holds an MBA from the University of Bradford.

Tom Hodgson

Managing Director
Tom Hodgson is a Managing Director at Fajr Capital and covers principal investments, primarily focused on consumer related sectors across MENA, Turkey and South East Asia. Tom has led a number of private equity transactions at Fajr Capital, and sits on the board and committees of several portfolio companies. Prior to joining Fajr Capital, Tom worked as Director, Corporate Finance Advisory at Deloitte. He has more than sixteen years of advisory experience in sell-side and buy–side M&A, IPO advisory, business and asset valuations and capital restructuring. He has worked on transactions in Europe, US, Asia and the Middle East. Tom is a certified chartered accountant (ACA), has an Executive MBA from CASS Business School and an Islamic Finance Qualification from the Securities & Investment Institute (SII).

Zahid Kamal

Managing Director
Zahid Kamal is a Managing Director at Fajr Capital. He is actively involved in various aspects of Fajr Capital’s transactions (including origination, execution and portfolio management) and strategic initiatives. He is also a board and executive committee member of several Fajr Capital portfolio companies, including Cravia Group, and is a member of Emerging Markets Private Equity Association’s Middle East Council. Prior to Fajr Capital, Zahid was a senior lawyer at Ashurst LLP in London and Dubai, where he advised Fajr Capital and other corporate clients. He has over fourteen years’ experience in UK and MENA public and private company transactions, including private equity, M&A, public takeovers, IPOs, investment funds, secondary offerings, restructurings and joint ventures.

Rizwan Kherati

Managing Director 
Rizwan Kherati focuses on corporate and investment operations and is the company’s Chief Financial Officer. Mr. Kherati has led a variety of functions at leading international firms, including financial control, financial analysis, audit, risk management, compliance and operations. He was most recently Global Head of Finance and Risk at HSBC Amanah. In earlier roles, he worked at HSBC Financial Services (Middle East), Orix Leasing, Pakistan Kuwait Investment Company and PricewaterhouseCoopers. He is a qualified chartered accountant, cost and management accountant, corporate secretary and internal auditor.

Mubashar Khokhar

Managing Director*
Mubashar Khokhar is the Managing Director of Bank Islam Brunei Darussalam. He is a seasoned financial services professional with more than 30 years’ experience across fifteen developed and emerging markets, including the USA, Europe, Asia, Africa and the Gulf Cooperation Council (GCC). Prior to Fajr Capital, Mr Khokhar was the CEO of Ajman Bank, a publicly listed Shari’a compliant bank in UAE, and also served as the CEO of Badr Al-Islami/Mashreq Al-Islami, a wholly owned subsidiary of MashreqBank. During his reign, Ajman Bank received widespread industry recognition, including the coveted ‘Best Domestic Bank’ award in 2011. Mr Khokhar has previously served on the Board of Directors of Badr Al-Islami and SAMBA Pakistan Ltd, and held senior positions in American Express Bank and Bank of America. He has an MBA and BBA (Hon.) from Ohio University, USA.

Atif Mahmood

Managing Director
Atif Mahmood focuses on corporate and investment operations at Fajr Capital. He has significant experience in finance, valuation, corporate finance, assurance and accounting for large corporates and multinationals. Prior to joining Fajr Capital, he worked at PricewaterhouseCoopers in Dubai and Karachi. Mr. Mahmood is a qualified Chartered Accountant, Chartered Management Accountant and Chartered Financial Analyst, with a record-setting nine gold medals at the Institute of Chartered Accountants in Pakistan and a joint third highest in the world in Financial Accounting at the Chartered Institute of Management Accountants in the United Kingdom.

Azmat Ashraf

Director*
Azmat Ashraf has thirty years of diverse international experience with First Chicago, Deutsche Bank, American Express, Saudi Fransi and Mashreq Bank in the Middle East and South Asia. In addition, he was also the Managing Director of a brokerage house and an Islamic finance firm. He conceived and executed the local incorporation of Mashreq Bank’s branches in Pakistan and its merger with another domestic bank. As the CEO of a full service commercial bank, he led the acquisition or amalgamation of other banks and financial services companies. Mr. Ashraf holds a Bachelor’s degree in economics from the University College London and an MBA from the University of Bradford.

Salman Ashraf

Director*
Salman Ashraf is an International Director at Fajr Capital and the Head of Treasury and Markets at Bank Islam Brunei Darussalam. He is a qualified Chartered Financial Analyst (CFA) and an Islamic Treasury and Global Markets expert with over 24 years of experience working in the MENA, Central Asia and Far Eastern regions with top tier institutions such as Standard Chartered, HSBC Amanah, ABC and latterly as the Global Head of Islamic Distribution at Deutsche Bank. He holds a Master’s degree in Business Administration, a PGD is Systems Analysis and is a member of the CFA Institute.

Gyorgy Ladics

Director*
Dr. Gyorgy Ladics was previously Chief Information Officer at Barclays — Emerging Markets region. He enabled Barclays’ geographical expansion and entry into new markets like India, Pakistan, Russia and the re-launch of businesses in UAE, Egypt and Uganda by providing essential Operations and Technology capabilities. Prior to joining Barclays, he was Vice President at Citigroup, where he held various senior positions including Chief Operating Officer in Czech Republic, Head of Technology for Central European Region, and Senior Operating Officer in Hungary. Dr. Ladics holds a Master’s degree in Electrical Engineering and Informatics and a doctorate degree from Budapest University of Technology and Economics.

Imran Samee

Director*
Imran Samee brings a wealth of experience in consumer banking to Fajr Capital, having held senior roles across the Middle East and Europe. He helped to establish Al Khaliji Commercial Bank in Qatar, serving as Head — Retail Banking Group and then as CEO of its subsidiary BetaQat, a processing services provider for GCC financial institutions. He was Head of the Retail Banking Group for Dubai Bank, and managed its conversion to Shar’ia compliant operations. He was Country General Manager for Mashreqbank Qatar, and led its transformation into a full–fledged consumer banking operation with a USD 0.5b+ balance sheet. He began his career with Citigroup, serving at Citibank Pakistan and at the Saudi American Bank. Mr. Samee holds a BSc (Hons) in Economics from the London School of Economics and Political Science.

Mansoor Shakil

Director
Mansoor Shakil focuses on principal investments at Fajr Capital. He represents Fajr Capital on the Board of Tamar Energy, a leading alternative energy company in the UK. Previously, he was Director, Asset Management Group at the Doha–based Al Rayan Investment, where he launched and co–managed Al Rayan GCC Fund and led landmark deals for Qatar First Investment Bank and Gulf Bridge International. Prior to that, Mr Shakil was with HSBC Amanah, where he was instrumental in launching the full product suite for HNWIs, corporates and retail customers as well as cross functional support for investment banking clients. Mr. Shakil holds LL.M. degrees from Harvard Law School and Cambridge University, as well as an LL.B (Hon.) degree in Shariah & Law from International Islamic University, Islamabad.

Aamir Rehman

Advisor
Aamir Abdul Rehman is an Advisor at Fajr Capital. Prior to Fajr Capital, Mr. Rehman was Global Head of Strategy at HSBC Amanah, where he oversaw strategy development across the full range of HSBC Amanah’s business lines and regions. Prior to HSBC, he was a consultant with the Boston Consulting Group, advising Fortune 500 and prominent global clients. He is author of Dubai & Co.: Global Strategies for Doing Business in the Gulf States (McGraw-Hill 2007) and Gulf Capital and Islamic Finance: The Rise of the New Global Players (McGraw-Hill 2009). He holds bachelor’s and master’s degrees from Harvard University, and an MBA from the Harvard Business School.

Hak Yeung

Advisor
Hak Yeung is an Advisor at Fajr Capital. He has in–depth corporate finance and strategic advisory experience and has successfully advised numerous companies across Europe and East Asia. Prior to joining Fajr Capital, he was Head of Business Development Asia at goetzpartners Corporate Finance, an independent European advisory firm. Prior to goetzpartners, he was at NatWest Markets and KPMG. Mr. Yeung is a qualified chartered accountant with an MSc in Development Economics from Oxford University and a BSc (Hons) in Banking and International Finance from City University, London.

*On secondment to Bank Islam Brunei Darussalam (BIBD).