October 24, 2013
Fajr Capital, the leading Islamic investment and advisory firm, has today announced the appointment of Mubashar Khokhar as Managing Director.
Mr Khokhar is a seasoned Islamic finance veteran with nearly thirty years’ experience across developed and emerging markets, including the USA, Europe, Asia, Africa and the Gulf Cooperation Council (GCC).
Based in Fajr Capital’s DIFC headquarters, Mr Khokhar will focus on spearheading the firm’s investments in the Islamic financial services industry. He will also provide strategic support to Fajr Capital’s advisory clients, which currently include the Islamic Development Bank and the Islamic Financial Services Board.
“We are delighted that Mubashar is joining our growing and dynamic team,” said Iqbal Khan, CEO of Fajr Capital. “Mubashar brings deep, specialised experience to Fajr Capital and will add tremendous value to our Islamic financial services proposition. Fajr Capital remains committed to advancing Islamic finance across our priority markets, and Mubashar will support our collective efforts to invest in the industry’s potential.”
Mubashar Khokhar, Managing Director at Fajr Capital added, “Fajr Capital is playing a pioneering role in the economic development of the OIC region. Our investment in Bank Islam Brunei Darussalam (BIBD) demonstrates Fajr Capital’s commitment to creating enduring value for both our investors and the communities we serve. I look forward to working with my new colleagues to build on our growing momentum and shape a positive future for the Islamic finance industry.”
Prior to joining Fajr Capital, Mr Khokhar was the CEO and Managing Partner of Israa Capital, a bespoke consultancy firm in the Islamic finance industry. He formerly served as the CEO of Ajman Bank, a leading publicly listed Shari’a compliant bank in UAE. During his reign, Ajman Bank received widespread industry recognition, including the coveted ‘Best Domestic Bank’ award in 2011. Prior to Ajman Bank, Mr Khokhar served as CEO of Badr Al-Islami / Mashreq Al-Islami, a wholly owned subsidiary of MashreqBank. He has also 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.
