MANAMA: Arcapita Group Holdings, a global alternative investment firm, has announced the appointment of Dr Nedham Yaqoobi to its Sharia Supervisory Board.
In his role, Dr Yaqoobi will be responsible for reviewing and monitoring investments to ensure compliance with Sharia requirements, alongside his fellow board members.
He has more than 30 years of experience in Sharia advisory for several leading Islamic banks and financial institutions both regionally and globally, including the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) in Bahrain.
Dr Yaqoobi holds many academic and honorary degrees and has taught Islamic subjects in Bahrain and worldwide since 1981.
Abdulaziz Aljomaih, chairman of Arcapita, said: “We are delighted to welcome Dr Yaqoobi to Arcapita’s Sharia Supervisory Board. We have a strong history of providing our network of sophisticated Sharia-conscious investors diverse investment opportunities, focusing on private equity and real estate that are governed by Islamic principles.
“These principles include adhering to the highest ethical standards, such as carefully considering the impact of our investments on society and the environment, and ensuring fairness and transparency throughout the investment process. The board will benefit from the considerable experience and expertise that Dr Yaqoob’s appointment will bring.”
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