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Dubai Islamic Bank Capital chief executive resigns

Al Sharif becomes interim chief; Zaman pursues future career.

October 24, 2010 3:36 by

Dubai Islamic Bank Capital’s Chief Executive Officer Saad Zaman resigned from the company, a spokesman for its parent firm Dubai Islamic Bank (DIB) said on Sunday.

DIB Capital is the investment banking unit of DlB, the United Arab Emirate’s largest Islamic lender by market capitalization.

The bank has named Mohammed Al Sharif, a board member, as the interim chief executive of DIB Capital, said Kashif Moosa, head of corporate development at DIB.

Zaman left the company “in pursuit of his future career,” Moosa said, without elaborating.

(Reporting by Shaheen Pasha; Editing by Dinesh Nair)

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