Al Rajhi Bank Malaysia appoints new head of digital bank

  • New office will house Al Rajhi’s digital bank team, other divisions
  • Ikram Khaliq brings over 16 years experience in wide variety of roles

(L-R) Arsalaan (Oz) Ahmed, CEO ARBM; Zulkiflee Hashim, independent non-executive director, ARBM; John Roger Winfield, chairman, ARBM; Lim Jit Jee, independent non-executive director, ARBM; and Ikram Khaliq, head of digital bank, ARBM.Al Rajhi Bank Malaysia (ARBM) has officially launched its new office as part of the bank’s growth plans in Malaysia. 

Following the announcement in December 2021 that it will be launching its digital bank in 2022, this new workspace located in Menara Hap Seng 3, Kuala Lumpur will house ARBM’s digital bank team on top of several other ARBM divisions, the Islamic bank said in a statement.

At the launch, the bank also announced the appointment of Ikram Khaliq as the head of digital bank, ARBM. 

ARBM said Khaliq has over 16 years of international experience mentoring and building tech firms in the fintech and insuretech industries.

Specialising in fintech consultancy, the bank claimed he successfully implemented innovative solutions across banking, wealth and asset management, insurance, and financial services.

Khaliq holds a degree in financial mathematics from Brunel University, with Agile and Prince 2 certifications, and has since relocated from the UK to Malaysia, it added.

Arsalaan Ahmed, CEO of ARBM said the bank has invested significantly in digital innovation as it lays the foundation for a customer-focused digital bank and is pleased to have Khaliq on board to lead the team. 

“We aspire to set a new standard of excellence for Islamic banking in Malaysia through best-in-class digital banking propositions and channels to benefit ARBM’s individual and business customers.

“This is in line with the strategic thrusts of the Financial Sector Blueprint 2022-2026 which focuses on the advancement of digitalisation of the financial sector as well as Islamic finance leadership, on top of the Malaysian government’s emphasis on digital technology as outlined in the 12th Malaysia Plan,” he said

The bank said the new workspace enables ARBM to grow its digital bank in line with its vision of becoming the #1 Islamic innovation bank in Malaysia.

ARBM said the workspace, in partnership with Hap Seng and Common Ground, meets top-notch industry standards with compliance of Grade-A office building, Green Building Index (GBI) certification, Leadership in Energy and Environmental Design (LEED) Gold Certification and MSC zone.


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