Al Rayan Bank appoints new Chief Commercial Officer

26 March 2019

Al Rayan Bank has confirmed the appointment of Maisam Fazal as Chief Commercial Officer. The role will be based at the UK’s largest Islamic bank’s commercial office in London’s West End.

Mr Fazal, who has been acting as interim Chief Commercial Officer since October 2018, has been promoted to the position of CCO following five and a half years with the Bank. Most recently he served as Senior Head of Commercial Banking at Al Rayan Bank.

Since 2013, Maisam has overseen the successful launch of several new commercial finance facilities whilst helping to grow the Bank’s commercial asset book from £11.7million at the end of 2012 to almost £500million today.

In his new role, he will be responsible for business development and implementing commercial strategies, working with over 100 team members across product management, marketing, commercial, retail and premier banking. He will also oversee commercial activity for all branches, offices and Business Development Mangers throughout the UK.

Maisam has over 20 years of experience in front line banking, with 18 years accrued across commercial and retail departments.

Commenting on his appointment Maisam Fazal, Chief Commercial Officer at Al Rayan Bank, said: “It has been great to be a part of the growth and success that Al Rayan Bank has experienced in recent years, especially as we celebrate our 15th anniversary. I’m proud to have been appointed into this new role and look forward to developing bespoke products designed to meet the needs of our customer base.

“There are many exciting opportunities ahead for Al Rayan Bank, and I will be continuing to work closely with all business areas and offices across the country to develop our Sharia compliant ethical offering, going above and beyond expectations to appeal to customers of all faiths and none.”

Founded in 2004 as the first Islamic retail bank in Europe, Al Rayan Bank currently serves more than 85,000 customers and has grown has a current asset book of almost £2bn.

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