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Unicorn CEO Declared ‘Banker of the Year’

Filed on June 13, 2009

MANAMA — Majid Al Sayed Bader Al Refai, the Founder, Managing Director and Chief Executive Officer of Unicorn Investment Bank, has been named ‘Banker of the Year’ as part of the Banker Middle East Industry Awards for 2009. The awards are based on peer recommendations and are designed to recognise and reward excellence throughout the global Islamic finance community.

Al Refai is considered to be one of the pioneers of Islamic finance and has been an active proponent of the industry for over 20 years.

He has a wealth of experience in Islamic product development and has established several Islamic finance institutions throughout his career, including Commerce MGI Sdn Bhd in Malaysia and First Islamic Investment Bank (now renamed Arcapita) in Bahrain. In 2004, he established Unicorn Investment Bank, headquartered in Bahrain, with the backing of prominent investors from across the Gulf region.

Al Refai has previously been recognised for his ‘Life and Continuing Contribution to Islamic Finance’ and ‘Outstanding Contribution to the Industry.’shamada@khaleejtimes.com





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