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Islamic Banking
EXCLUSIVE: Maiwand Bank
First time in afghanistan with Islamic Banking services.
                                                  

Promoters of MAIWAND BANK, Kabul, Afghanistan

Dr.Fraidoon Noorzad, a professional banker himself along with other promoters, having experience in banking and financial fields with sound financial background, established Maiwand Bank on sound fundamentals and strong principles to make Maiwand Bank as one of the strongest commercial banks of Afghanistan with an aim to serve the nation by playing a constructive role in contributing to the economic reconstruction process of the country with a strong commitment.
The strength of the Board had been increased to 5 members from 3 members in order to induct Banking professionals on Board to oversea the affairs of the bank in more professional manner with much more transparency as per the corporate governance laws. The Supervisory Board of the Bank consist of 5 members our of which 3 are from the banking professionals as independent external Members of Supervisory Board as under:

1. Dr. Fraidoon Noorzad – Chairman & Managing Director ( B o S )

Dr. Fraidoon Noorzad, an Afghan national, is the founder of Maiwand Bank with more than 50 % stake in the equity capital of the bank. Dr. Fraidoon Noorzad was graduated from Kabul Medical university in the year 1987 in the faculty of medicine. After a successful professional career in the field of medical, he shifted himself into business of money exchange in the year 1997 and in 1998 he became a partner in Shaheen Exchange, Dubai. With the beginning of the new Government in Afghanistan, he started concentrating in the business opportunities and began his association with Kabul Exchange and later on joined as Dy. CEO with Kabul Bank, one of the leading and fastest growing private bank in Kabul. During this tenure with Kabul Bank, he acquainted himself with banking laws and regulations and proved as dynamic leader. He then was picked up by the management of Azizi bank and offered with the position of Dy. CEO. He also got a long association with the Afghanistan International Chamber of Commerce.

Dr Fraidoon Noorzad had been elected as Chairman and Managing Director of the bank by the share holders of the bank and inducted to the Board of Supervisors as a representative of share holders to hold the above position in the Board of Supervisors for supervising the affairs of the bank in strict compliance of the Banking laws & regulations of Da Afghanistan Bank

2. Dr. Ferozuddin Feroz - Member of Board of Supervisors.

Dr. Ferozuddin Feroz, an Afghan national, is a qualified and well experienced in the field of medicine. He had held various prestigious positions in the Government of Islamic Republic of Afghanistan includes as a technical Deputy Minister of Health from Jan 2002 to Dec 2004 and also associated with the World Bank, Afghanistan on various projects. Dr. Ferozuddin Feroz had been elected by the share holders of the bank and inducted to the Board of Supervisors as an outsider of share holders to hold the position as member of Board of Supervisors for supervising the affairs of the bank in strict compliance of the Banking laws & regulations of Da Afghanistan Bank.

3. Mr. Mohomed Ismail – Member of Board of Supervisors.

Mr Mohomed Ismail, is a qualified and professional banker with more than 40 years of international banking experience. Mr Ismail held various key positions in his long banking career as COO for First Micro Finance Bank, Kabul as COO from 2005 to 2009 and recently resigned from First Micro Finance Bank. During his tenure in Afghanistan for a period of 6 years, he played key role with a constructive contribution for establishing sound banking system in Afghanistan in general and for First Micro Finance Bank in particular. Mr Ismail, based on his qualification and experience, had been elected by the share holders of the bank and inducted to the Board of Supervisors as an outsider of share holders to hold the position as member of Board of Supervisors for supervising the affairs of the bank in strict compliance of the Banking laws & regulations of Da Afghanistan Bank

4. Mr. Muslimul Haq – Member of Board of Supervisors.

Mr Muslimul Haq, is a qualified and professional banker with more than 40 years of international banking experience. Mr Muslimul Haq held various key positions in his long banking career as CEO for Habib Bank, Kabul from 2003 to 2005 and associated with First Micro Finance Bank, Kabul as CEO from 2005 to 2009 and recently retired on his superannuation from First Micro Finance Bank. During his tenure in Afghanistan for a period of 6 years, he played key role with a constructive contribution for establishing sound banking system in Afghanistan in the capacity of Chairman for Afghanistan Bankers Association. Mr Muslimul Haq, based on his qualification and experience, had been elected by the share holders of the bank and inducted to the Board of Supervisors as an outsider of share holders to hold the position as member of Board of Supervisors for supervising the affairs of the bank in strict compliance of the Banking laws & regulations of Da Afghanistan Bank.

5.Eng Allauddin – Member of Board of Supervisors (Share Holder’s Representation).

Eng Allauddin had been elected by the share holders of the bank during AGM of shareholders held on 14.05.2011 as a Share Holder’s representative and inducted to the Board of Supervisors to hold the above position in the Board of Supervisors for supervising the affairs of the bank in strict compliance of the Banking laws & regulations of Da Afghanistan Bank..


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