How Bahrain-based GFH’s new $100 million sukuk fund aims to power economic growth in GCC nations

How Bahrain-based GFH’s new $100 million sukuk fund aims to power economic growth in GCC nations

The fund was launched following an agreement with Credit Suisse to provide attractive financing

Salem Patel, GFH's Head of Asset Management

Published: Thu 17 Mar 2022, 10:44 AM

Bahrain-based GFH Financial Group's $100 million sukuk fund will support Islamic financial development agendas and contribute to the wider economic recovery of the GCC, says Salem Patel, the Head of Asset Management.

Patel is responsible for managing the bank’s proprietary assets as well as clients' investments in equity and fixed income funds. He is also a member of the bank’s Management Investment Committee and ALCO. He brings over 20 years of extensive local and international financial industry experience to the group having previously worked in the Financial Services Division with Accenture in London and prior to this as a Financial Analyst with LongView Partners, London. He began his career working in Equity Research at UBS and Societe Generale.

He holds several Directorships including Falcon Cement Company and Roebuck Asset Management. He graduated from the City University Business School in London with a BSc (Hons) in Business Studies specialising in finance and has obtained several certifications including: the Islamic Finance Qualification (IFQ) and the Securities and Futures Authorities Registered Representative (SFA). He has also passed all three levels