Appointed 2009

Dr. Fazal Rahim Abdul Rahim holds the position of Head of Sharia Control & ISSC Secretary at Ajman Bank. Dr. Fazal is a renowned Shari’ah scholar and a leading figure in Islamic banking and finance, with an impressive career spanning over 26 years.

Dr. Fazal is a distinguished figure in the Islamic banking world, whose vast experience and deep knowledge have significantly contributed to the growth and development of Islamic finance both in the UAE and internationally. He is highly respected for his deep knowledge and expertise in Sharia advice relating to Islamic products, services, and transactions across the Islamic banking and finance industry.

Dr. Fazal’s contributions extend beyond his role at Ajman Bank. He is a member of the Sharia Board of several Islamic Investment and Financing companies and plays a significant role in the Islamic Banking Committee of the UAE Banking Federation (UAEBF). His involvement in various committees and boards, both within Ajman Bank and in the wider Islamic finance community, showcases his commitment to advancing the field of Islamic finance. Prior to joining Ajman Bank, Dr. Rahim had numerous senior positions in Noor Islamic Bank, Doha Islamic and Doha Bank.

Throughout his career, Dr. Fazal has been instrumental in the development and structuring of Sharia-compliant products and services. His major areas of expertise include Sharia Board Coordination, Sharia Consultancy, Compliance, Training, Research and Development, Sharia Audit, Sharia Remedial Management, Takaful, Investment Funds, and Sukuk.

Dr. Fazal has an illustrious academic background, holding a PhD in Islamic Economics from the University Sains Islam Malaysia (USIM), a master’s degree in economics, and a Bachelor’s degree in Islamic Studies & Arabic from the University of Karachi, Pakistan. He further augmented his expertise with a Postgraduate Diploma in Islamic Banking and Insurance from IIBI, London, and is a certified Sharia Adviser and Auditor by AAOIFI, Bahrain.

His research work is extensive, with numerous papers and presentations at international forums, covering a wide range of topics in Islamic finance. These contributions highlight his commitment to advancing knowledge and practice in the sector.