Islamic Fintech Wahed Selects New UK GM

Wahed Inc., an Islamic Fintech agency, has introduced the appointment of Umer Suleman as Basic Supervisor of UK operations. In keeping with a be aware from the corporate, his duties will embody overseeing Wahed Make investments’s progress technique and solidifying the agency’s place as a high supplier of ethically targeted funding companies.

Suleman has labored for over 15 years in regulatory, danger, and technique consultancy roles, in addition to positions at HSBC, UKIFC, Daiwa Capital Administration, and Ernst & Younger (EY).

Whereas at HSBC, Suleman was Head of KYC Threat globally inside their World Banking & Markets enterprise, Head of Enterprise & Conduct Threat for MENA inside Retail Banking, and headed up the CCO operate for Digital (GLCM) inside the UK with a world remit.

In his new function Suleman shall be accountable for increasing Wahed’s companies throughout the UK, one of many world’s fastest-growing – and most developed – Islamic finance sectors. Britain is house to three million Muslims and boasts the most important marketplace for Islamic finance exterior of the standard Muslim areas, with world inhabitants figures projected to double over the following forty years. Below his management, Wahed will purpose to deal with the underbanked wants of the Muslim group whereas additionally serving the rising variety of retail traders at the moment in search of moral alternate options to wealth creation.

Launched in 2017, Wahed has developed a digital platform that balances moral finance with fashionable investments, attracting over 200,000 energetic purchasers from world wide.

“Mr. Suleman’s appointment reaffirms our dedication to offering modern and excellent ethically pushed monetary companies to a market that, traditionally, has been underserved,’ Junaid Wahedna, CEO acknowledged. “We’re delighted to welcome Umer to the workforce and firmly consider that with him on the helm, our operations within the UK will proceed to go from energy to energy and supply clients in search of moral investments with accessible, reliable and modern options.”

The appointment of Suleman comes inside six months of Wahed buying UK-based Fintech Niyah. The corporate expects to make the most of the UK’s place as a number one hub for Islamic finance as a springboard into different European cities.