Annual Report 2012 - Al Baraka Investment and Development

executiVe management
Mr. Adnan Ahmed Yousif
President & Chief Executive
Mr. Majeed H. Alawi
Executive Vice President
Head of Internal Audit
20 Annual Report 2012
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Mr. Yousif has more than 37 years’ international banking experience. He has been a Director
of ABG since inception and the President & Chief Executive since August 2004. He is the
Chairman of Jordan Islamic Bank, Banque Al Baraka D’Algérie, Al Baraka Turk Participation
Bank, Al Baraka Bank Ltd., South Africa, Al Baraka Bank Egypt, Al Baraka Bank Lebanon, Al
Baraka Bank Syria, Al Baraka Bank Sudan and Al Baraka Bank (Pakistan) Ltd. He also holds
directorships in Al Baraka Islamic Bank, Bahrain and Al Baraka Bank Tunisia.
Mr. Yousif holds a Master in Business Administration degree from University of Hull, UK.
Mr. Alawi has over 32 years of international banking experience, mainly in audit. He began his
career at Banque National de Paris in Bahrain in 1981 as Head of Operations, subsequently
moving to Arab Banking Corporation (B.S.C.)’s Internal Audit Department in 1988 as an
audit team leader, where he carried out audits of the Head Office departments and the
bank’s branches and subsidiaries spread over Europe, the Americas, the Far East and across
the Arab World. He joined ABG in 2000, when it was still under formation, to establish
and head the internal audit department, which is responsible for reviewing the activities
of all ABG’s subsidiary banks as well as of the Group’s Head Office in Bahrain. The audit
function also includes the review of controls over the IT system, as well as controls to ensure
Shari’a compliance. Mr. Alawi reports directly to the Audit and Governance Committee of
the Board of ABG, for whom he also acts as Secretary. He also participates as an observer
member in the meetings of the Audit Committees of all ABG’s subsidiaries.
Mr. Alawi is an FCCA – Fellow of the Chartered Association of Certified Accountants from
UK (1980).