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Name: Company: |
Momodou M Jobe
Director, investment and corporate banking Arab Gambian Islamic Bank Banjul, The Gambia 56 Gambian |
Could you provide a brief journey of how you arrived where you are today? In 1985, I transferred to the National Investment Board of The Gambia as a financial analyst. Between 1989 and 1993, I worked for the Gambia Produce Marketing Board and Gambia Livestock Marketing Board. I was then reassigned to the National Investment Board, where I quickly rose to the positions of financial controller and head of the offshore business center. In 1995, I was transferred to the Ministry of Finance and Economic Affairs to head the financial services unit. I resigned in November 1996 to join the new Arab Gambian Islamic Bank as investment manager. In 2007, the post was upgraded to director of investment and corporate banking. What does your role involve? What is your greatest achievement to date? In 2005, I was also part of the team which submitted a comprehensive report to the Central Bank and Department of State for Finance and Economic Affairs of The Gambia. Among the recommendations we made was introducing Islamic treasury bills and bonds and Takaful in Gambia. Two years later, the Central Bank of The Gambia floated the three-month Sukuk Al Salaam, which is now in full operation. Prior to this, the government passed an Act in 2005, enabling the establishment Takaful in Gambia which started its practice in 2007.
Which of your products/services deliver the best results? What are the strengths of your business? What are the factors contributing to the success of your company? What are the obstacles faced in running your business today? Where do you see the Islamic finance industry, maybe in the next five years? Name one thing you would like to see change in the world of Islamic finance?
Arab Gambian Islamic Bank was incorporated under the Companies Act 1955. It commenced operations in January 1997, carrying on banking business in all its departments and branches in accordance with Shariah principles and practices with a view to making profit for its shareholders and depositors and to contribute to the socio-economic development of The Gambia. Visit www.agib.gm |