Profiles: Pioneers of a burgeoning market
Shariah-compliant finance pioneers.
Pioneers of a burgeoning market
Atif Abdulmalik had been a highly successful executive at Investcorp, the Bahrain-based investment bank that has raised private-equity funds from wealthy families in the Middle East and invested it in corporate acquisitions and real estate projects, primarily in the US and Europe.
However, he took the bold decision to leave and take part in the creation in 1997 of First Islamic Investment Bank, which was created to conduct the same type of business, only on Islamic principles.