Dr. Suresh Nanda

Member

Dr. Suresh Nanda holds a Master’s in Economics from the Jawaharlal Nehru University, New Delhi and a Doctorate in Business Management from the Indian Institute of Management, Calcutta. Dr. Nanda has also attended an Advanced Management Program at Wharton School, University of Pennsylvania, US.

He has over 37 years’ experience in banking, mostly in leadership positions, where he managed large teams in the Project Finance, Corporate & Investment Banking, International Banking, Off shore Banking Retail Banking and Private Banking  in units of ICICI, ICICI Bank, ING Bank in India and Middle East. He was part of the startup team of ICICI Bank in 1994. His last assignment was as the Head of International Banking pf Bank One, Mauritius..  In July 2018, he has set up a boutique debt and equity consulting outfit with primary focus on Africa as also Middle East.

He  has established track record of transformation and turnaround with significant increase in business, revenue & profitability and improvement in portfolio quality. Highly adaptable professional with extensive experience in managing diverse teams with an understanding of cultural nuances based on working and doing business across the world. Ability to bring strategic visioning with deep industry experience through many years of leading transformations. Worked with McKinsey & Co and Monitor for multiple projects including operational integration of ICICI and ICICI Bank, brand intent for ING group, and market positioning of ING Private Banking. He transformed the International Banking Business of Bank One as one of the best in the island in terms of growth and all business parameters.

CA Dalip Kumar Kaul

Member

CA Dalip Kumar Kaul is a Fellow Member of the Institute of Chartered Accountants of India (ICAI). He is B.Com (Hons) and L.LB. from the University of Delhi,India. He also has a Master’s Degree in Business Administration (Finance), having specialization in Merchant Banking, Risk Management, Treasury, International Finance.

Mr Kaul is a Senior Partner of a Chartered Accountant Firm in India. He has an experience of over 35 years of successfully advising corporate and non-corporate clients under various laws. His expertise is rendering services relating to business strategy, merger & acquisition, integrated risk management, regulatory, advisory and assurance services to listed and unlisted corporates including MNC’s like Banking and Capital Markets, Insurance, Infrastructure, Pharmaceuticals, Trading, Manufacturing, Healthcare, Education, Media, Information Technology, Construction, Poultry, Agriculture, Power. He has also helped in transformation of financial systems, restructuring plans for Corporate’s and represented clients before Income Tax Appellate Tribunals.

In the Banking sector, he possesses experience of being the auditor of many of the largest nationalized and private sector banks in India. He has also been on the Board of Directors of The Jammu & Kashmir Bank Limited (State owned Government Company) as Non-Executive Independent Professional Director (August 2014 – June 2016). He was also the Chairman of the Audit Committee of the Board (ACB) and Member of various committee’s of the board namely; Management Committee of Board (MCB) , Integrated Risk Management Committee (IRMC) , Nomination & Remuneration Committee , Customer Service/Grievance Committee, Legal Committee and Information Technology and Strategy Committee of The Jammu & Kashmir Bank Limited.

His Board Level experience at The Jammu & Kashmir Bank included

·         Monitoring of critical areas like Internal Control, Risk Mitigation Corporate Governance and Non Performing Asset (NPA) monitoring .

·         Implementation and Strengthening of CISA , CERSAI and Concurrent Audit

·         Compliances as per RBI (Regulator in India) /SEBI Guidelines

·         Compliance of Long Form Audit Report of Statutory Central Auditors

·         Interaction with Statutory Central Auditors and discussions on Annual financial Inspection (AFI) with RBI , follow up of AFI of Reserve Bank of India

·         Faster redressal of pending legal cases,

·         Directions for implementation of steps in the bank for timely sharing of information with Ministry of Finance and Ministry of External Affairs regarding impounding of passports of defaulting borrowers , initiation for timely sharing of information with SEBI/Stock Exchanges in case of defaulting corporate’s,

·         Automation of all the electronic services being provided by the bank, awareness Campaigns to educate the customers and online banking facility portfolio.

He started his career with M/s Jhalani Brothers Private Limited(Group Company of  Gedore Tools India Ltd.) , New Delhi as Chief – Finance & Accounts

He has been a Member of Executive Committee of J&K Branch of NIRC of ICAI and was its Chairman for the year 2013-14. He is also a Peer Reviewer on the Panel of Peer reviewers maintained by Peer Review Board of the ICAI. He was a Special Invitee Member-Committee on Banking, Insurance & Pension of ICAI.

He is the Chairman (Non-Executive) , Board of Directors/Board of Supervisors of Islamic Bank of Afghanistan (Previously known as Bakhtar Bank) since October 2015.

Mr. Saifullah Abid

Member

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Mr. Qarib Ur Rahman

Chairman

Mr. Qarib Ur Rahman Labib is an expert in Islamic finance and corporate law, specializing in Islamic banking and finance. He completed his LLM in Islamic commercial law and is currently pursuing a PhD in Islamic law with a focus on Islamic public finance at the International Islamic University, Islamabad.

Mr. Labib began his banking career as a member and chairman of Shariah boards in various banks and financial institutions from 2014 to 2020. 

He now leads Schema Legal Services, a boutique law firm in Afghanistan specializing in corporate law and Islamic financial services. At Schema, he advises on the negotiation, review, and structuring of Sharia-compliant transactions and drafts and reviews legal documents, policies, procedures, and Islamic modes of finance. He has provided and been part of teams delivering legal and Islamic finance services to numerous international and local corporate clients, including banks and financial institutions.

In addition to his professional work, Mr. Labib is dedicated to academia. He serves as an Assistant Professor at Nangarhar University and has previously been a visiting lecturer at the International Islamic University Islamabad. He is passionate about shaping the next generation of legal and Islamic finance professionals.

With over a decade of experience in the banking industry, Mr. Labib has played a crucial role in reviewing and approving Sharia-compliant instruments and modes of finance, addressing queries, and providing guidance on Islamic finance issues. He advises on designing new Sharia-compliant instruments, Islamic Modes of Finance and ensures that financing products, services, policies, and agreements of banks comply with Sharia principles. His responsibilities also include issuing and renewing Sharia compliance certificates for financing products, manuals, agreements, workflows, profit and loss sharing mechanisms, and more.

Mr. Muhammad Arif Saeed

Member

Mr. Muhammad Arif Saeed is a Fellow Chartered Accountant (FCA) from The Institute of Chartered Accountants of Pakistan (ICAP), Associate Chartered Accountant (ACA) from The Institute of Chartered Accountants in England and Wales, and Certified Internal Auditor (CIA) from the IIA (U.S.). He also holds a master’s degree in Islamic Finance from INCEIF, Malaysia (A Global University of Islamic Finance). Apart from these, he holds two certifications from The Auditing and Accounting Organization of Islamic Financial Institutions (AAOIFI) i.e. Certified Sharia Adviser and Auditor (CSAA) and Certified Islamic Professional Accountant (CIPA). 

Since 2007 he is working as Managing Partner at Afghanistan's operations of RSM International’s member firm Avais Hyder Liaquat Nauman, Chartered Accountant and Partner in the Peshawar (Pakistan) office of the same firm. He has more than twenty (20) years of extensive experience in the field of Statutory Audits, Internal Audit, Accounting Services, Afghan Tax Services, Business Planning, and Islamic finance. 

He has managed and supervised a diverse list of different of assignments for international funding agencies (like USAID, UN, EU, World Bank, ADB etc.), NGOs, government of Afghanistan, public sector, and private sector. He is a well know trainer in Afghanistan and has trained more than 200 people on IFRS, Internal Audit, Islamic banking, and finance. He has been delivering teaching classes to ACCA students in Afghanistan.

His areas of expertise are:

• IFRS.

• External audit.

• Internal Audit, using & International Professional Practices Framework (IPPF) of the Institute of Internal Auditors (IIA-US). 

• Islamic Banking and Finance.

• Afghan Tax Laws. And

• Islamic finance.

Mr. Khanullah Yousufzai

Member

Mr. Khanullah Yousufzai started his banking career in Internal Audit function from 2009 onwards moving to Risk Management in 2017, Compliance in 2019 and thereafter to Operations department in 2022.

He has over 15 years of experience in the banking industry (inclusive 4 and half years in Islamic Banking) amongst others. He has performed roles such as Internal Audit Manager, Risk Manager, Deputy Chief Compliance Officer, Deputy Chief Operating Officer in Bakhtar Bank (later converted to Islamic Bank of Afghanistan) and Azizi Bank, as Chief Operating Officer, Azizi Bank before assuming the responsibilities of Acting CEO/Deputy CEO and he is the shareholders' representative and serves as the member of Board of Supervisors at IBA.

Mr. Yousufzai is an MBA in Accounting and Finance and has acquired various professional qualifications such as CAMS, Certification in Internal Control and Auditing, Certification in Islamic Banking from Turkey and Pakistan etc.

His work in Audit, Risk Management, Compliance and Operations covers all aspects including but not limited to development of policies, procedures, SOPs, guidelines, Internal Control, Cash Management, other operational activities, development of AML/CFT compliance models on Risk Based Approach, Regulatory Compliance, Investigations, sanctions Screening, Transaction monitoring, correspondent bank account opening, Business Development and Training etc.