Liquidity Management House for Investment is an investment company wholly owned by Kuwait Finance House K.S.C.. A principal player in the international sukuk market and the Shariah compliant structured finance arena. It has extensive experience within the Islamic Finance space and is a source of strategic strength and it derives benefits from KFH’s brand name, distribution capability, and geographic coverage. Established in December 2007 and commenced its operations in September 2008. The company was launched with a paid up capital of Kuwaiti Dinars 100 Million (approx US$ 360 million).

Head quartered in the State of Kuwait, Liquidity House was established in December 2007 and commenced its operations in September 2008. The company was launched with a paid up capital of Kuwaiti Dinars 100 Million (approx US$ 360 million). Liquidity House’s objective is to be a principal player in the international sukuk market and the Sharia’a compliant structured finance arena. It seeks to deliver exceptional values to its clients, shareholders and the industry through focused and shared values driven by its parent entity KFH. Liquidity House’s current team has extensive experience within the Islamic Finance space and is a source of strategic strength and it derives benefits from KFH’s brand name, distribution capability, and geographic coverage while offering its products and services to its clients. The experience of Liquidity House’s management team with KFH has enabled it to develop a strong network with Financial Institutions across the globe and is a source of strategic benefit to Liquidity House.
Our Vision. Aspires to be a proactive and principal player in the International Sukuk Market and Shari'ah compliant structured finance arena. To enable Islamic financial institutions to manage their liquidity mismatch through short and medium term liquid investments structured in accordance with the Shari'a principles. Our Mission. To be an active and dynamic player in the structured finance arena with a primary focus on evolving as a Sukuk House.
Our Values and Guiding Principles. Islamic Shariah Commitment: We are committed to developing Innovative structured finance products and services based on Shari'ah principles. Client Focus: We are committed to constantly providing customized solutions that meet client's changing and ever evolving demands. Responsibility to the Community: We are committed to the effective transfer of knowledge, in the Islamic Finance arena, where we can make the greatest possible difference to society, using our expertise, resources, time and skills of our people. Synergy: We are committed to harnessing knowledge and resources, for the benefit of our clients by teaming up with the KFH Group and partners globally. Our employees: We know that without the best people we cannot be the best firm. We emphasize on teamwork.
Our Shareholder. Kuwait Finance House (KFH) was established in the State of Kuwait in 1977, as the first bank operating in accordance with the Islamic Shariah. KFH is listed in Kuwait Stock Exchange (KSE) as of FYE 2008 a toal market capitalization of KD 2.8 billion, total Assets of KD 10.5 billion and deposits amount to KD 6.6 billion and Equity of KD 1.2 billion.
Liquidity House arrange another over-subscribed deal in Turkey. Liquidity Management House (Liquidity House) succeeded in arranging jointly with other leading banks a Murabaha finance deal worth USD 115 MM for Kuwait Turk Participation Bank (KTPB). 8 major global and regional banks and financial institutions in record time joined this deal as Mandated Arrangers, which are Liquidity Management House for Investment Company K.S.C.C., Turkiye Halk Bankasi A.S., Islamic Development Bank, CitiBank N.A., Garanti Bank International N.V., Gatehouse Bank PLC, National Bank of Kuwait (International PLC), and Standard Chartered Bank. The transaction is one year and was seen as a great success since it was oversubscribed. KTPB originally targeted to raise USD 70MM. However, due to increased demand the transaction was closed at USD 115MM. This reflect KTPB’s ability to raise Finance despite current difficult market environment, Liquidity House played a very active role in arranging this successful transaction. VTB Capital, Liquidity Management House sign MoU. VTB Capital, the Investment Business of VTB Group, announced the signing of a Memorandum of Understanding (MoU) with Liquidity Management House, a wholly owned subsidiary of Kuwait Finance House, to facilitate development of Islamic finance products and services in Russia and CIS region. The MoU was signed between VTB Capital and Liquidity Management House in Moscow by Yuri Soloviev, Global CEO of VTB Capital, and Emad Al Monayea, Chairman and Managing Director Liquidity Management House. The goal of this MoU is to introduce and establish financial products that offer Shariah compliant investment structures to originators in Russia and CIS and the International Islamic investor community. Masroor Haq, Head of Middle East and Africa for VTB Capital, Iqbal Mohammed, Executive Vice President Liquidity Management House and other senior members of both organizations were present at the occasion. Islamic or Shariah compliant finance market, which is in excess of $750bn is increasingly becoming a mainstream component of the global financial system. International players (Sovereign & Corporates) are increasingly focusing on this prudent mode. Liquidity House and its parent entity Kuwait Finance House are ranked amongst the leading player in Shariah Compliant Financing and international sukuk market. Kuwait Finance House, which is one of the first Islamic Banks in the world, is backed by the Government of Kuwait as one of its key shareholder. The Bank recently won the 'Best Islamic Bank of the Year award for 2008' from Euromoney. Masroor Haq, Head of Middle East and Africa of VTB Capital, said, 'We are delighted to enter into an MoU with Liquidity Management House to develop Islamic Banking products - Both entities look forward to working with our key clients in our respective regions. VTB Capital will be starting its Middle East operations with an office in Dubai in the next few weeks. The Middle East presence will serve as a gateway for the Middle East and African investors to access Russia and CIS through the wide network of VTB Group. Through our partnership with Liquidity Management House, we will be offering fully-fledged Islamic Finance structuring services of international standards to our clients in Russia and CIS and accelerating the development process of this product in Russia. Mr. Emad Al Monayea, Chairman and Managing Director of Liquidity Management House, added that Liquidity House is keen to extend this relationship with VTB Group to develop Sharia complaint products to cater the ever growing needs of the Russian and CIS countries. He said KFH Group is always well known for its initiatives and innovation in creating value added products. He further mentioned that Liquidity House can play as the gate way to GCC market for reputed Russian and CIS credits. He mentioned that KFH Group has presence in Bahrain, UAE, Jordan, Malaysia, Singapore, Australia, Turkey and recently in Saudi Arabia apart from strong market share in Kuwait.
First International Conference in Russia Islamic banking: specifics and prospects. For the first time in the history of Russia’s and Islamic countries’ relationship development an International conference “Islamic Banking: specifics and prospects” took place in Moscow on March 17 – 18, 2009. The «Islamic banking: specifics and prospects» brought together the high level experts in the Islamic Finance. Speakers’ faculty included more than 40 leading experts and esteemed guests. Among them ― Dr. Salman Syed Ali, the Islamic Development Bank, Masroor Haq, Managing Director, Head for the regions of Middle East and Africa, Harun Kapetanovich, Director of the Economic Development Department, The Government of Dubai, Emad Yousef Al Monayea, Managing Director of Liquidity Management House, Omar Kalair, President of UM Financial Inc., as well as leading Russian experts: Dr. Leonid Sekyuyainen, Doctor of law, Professor, Higher School of Economics, Renat Bekkin, PhD in Law, Professor of the Moscow State Institute of International Relations (University), Andrey Zhuravlyov, PhD in Economics, independent expert, and many other specialists. The two-day conference was an exclusive professional ground, where it enabled to learn possible advantages of Islamic financing and specifics of investing in the banking and real estate sector of the Russian economy. And also to establish and develop constructive dialogue with financial structures of nations who adopt and practice Sharia’h compliant financing. Participation in the conference was an ideal opportunity to end up amongst business leaders in a new and promising Russian and other CIS economies.
Platinum Sponsor of the 8th Annual Islamic Finance Summit. Emad Al Monayea will be a key speaker in the most prestigious event in the Islamic Finance industry, an event that hosts the industry’s most senior and distinguished representatives and provides an incomparable platform where pressing issues are discussed. The event is organized by Euromoney.
Commercial Real Estate Company. Commercial Real Estate Company K.S.C.C (Al Tijaria) a reputed real estate company successfully launched and closed its debut US Dollar Syndication to the tune of USD 155 Million. The issue size for the syndication was USD 100 million and the syndication was closed with great success at USD 155 million – 55% over subscription. For the issue, Liquidity Management House and BNP Paribas Bank acted as Mandated Lead Arrangers and Joint Book Runners and Emirates Bank NBD acted as Mandated Lead Arrangers. Apart from these lead banks, other banks who participated in this very successful syndication included Kuwait Finance House and Abu Dhabi Islamic Bank as Senior Lead Arrangers, May Bank as an Arranger, Khaleeji Commercial Bank as Manager, and Mega Bank ICBC as participant. The proceeds from the syndication will be utilized by Al Tijaria for general corporate purposes including funding of several prestigious ongoing projects in Kuwait and other GCC Countries.

Islamic Banking. Despite the current challenging global financial environment, Islamic banking has, thus far, remained positive due to their strong growth and typically conservative approach, as well as the core principles of Islamic banking – both interest rates and speculation are prohibited – which have protected them from elements of the crisis. Although Islamic banks are not exposed to the subprime market, Islamic banks are facing the indirect effects of the global financial crisis such as the drying up of interbank liquidity market and declining investment banking revenues. In managing the liquidity crisis, operational efficiency will be a major factor of banks’ competitiveness at the regional and global level. The slower overall growth and the increased uncertainties have also affected pricing and activity in certain market segments. Immediate challenges faced by Islamic banks arising from the US subprime crisis include difficulty in managing their short-term liquidity, impaired investment portfolios, which are concentrated on illiquid and cyclical asset classes, as well as reduction in the maturity profile of their assets due to the lack of access to long- term funding. As Islamic finance is closely linked to the real sector, unexpected adverse developments in the real sector may adversely affect business activities and performance of Islamic banks. Risks to the Islamic banking sector include high exposure to assets whose underlying value, credit quality and liquidity are uncertain (namely real estate). Overall, we believe that the potential for Islamic banking far outstretches the global crisis and has vast opportunities to grow further, given the following factors: Strong demand for Shariah-compliant products and investments point to immense potential for further growth of the industry.; Encouraging demographics and the proactive measures taken by jurisdictions worldwide to promote the development of Islamic finance.; Industry growth will be strengthened further by improvements in the Islamic finance industry architecture, development of government-backed Islamic financial centres as well as greater awareness and global technological development.; Government-linked/ top tier companies in the Middle East and emerging Asia (financial, real estate, oil & gas and transport sectors) are looking for funds on the back of massive infrastructure and construction projects in the regions.; By 2020, the total Muslim population would have increased to an estimated 2.5 billion from 1.5 billion currently.
GCC Islamic Banking. Although Islamic banks have fared well thus far through the subprime and structured credit crisis, the industry is not totally insulated from the turmoil. In 4Q08, rating agencies revised their outlooks on banks in GCC to reflect the less supportive environment in which these banks operate – weakening domestic property market, indirect exposure to local equity markets, and tightening conditions on international credit markets. Factors that may adversely affect banks’ rating moving forward include significant worsening of the operating environment, tight global liquidity which severely affects the GCC markets, and significant decline in financial performances. Expect credit ratings agencies to make further downgrades on the ratings of GCC banks in the early months of 2009, as lower oil prices and slower economic growth affect the profitability of the banking sector. We expect 2009 will be a challenging year for Islamic banks in the GCC as the financial turmoil spills over to the real economy and when the fall in asset prices is felt. Islamic banking assets, which account for 13% of the regional banking systems’ assets, are expected to grow by 10%-15% in 2009 (2008F: 25%-30%), with low profit ratios, underpinned by the following: Liquidity squeeze is expected to weigh on banks across the region until the end of 2009. Scarcer and more expensive liquidity will result in an intense price competition among banks.; Higher cost of funding, safe and shorter-term credit, as well as negligible investment returns may cause the credit and investment portfolios to grow more slowly, which will in turn put pressure on some sectors of the economies.; Although asset quality remained solid throughout 2008, we expect the NPL to increase this year on the back of a slower economic growth in the region.; Higher investment losses if the operating environment failed to improve. Islamic banks’ four main asset classes within their investment portfolios – property, equity, sukuk and managed funds – have all witnessed a decline in values over the past few months. There are exceptions, however. Big Islamic banks such as Kuwait Finance House and Saudi’s Al-Rajhi Bank, are now finding their business model more relevant and well placed to take advantage of the current financial turmoil. Kuwait Finance House is expected to continue to show solid performance, underpinned by its broad diversification to markets as well as its sound capitalisation and credit worthiness. However, other Islamic banks which are relatively small in size could be prevented from playing a major part in regional deals. Nevertheless, the strength of Islamic banks’ balance sheets put them in a strong position to grow amidst the difficult environment, given that they remain well capitalised and not very leveraged as compared to their conventional counterparts. Given the volatility of the financial markets, we expect more individuals and corporations to invest in Islamic banking and Shariah-compliant products, given the Islamic banks’ lower risk profile as it is more difficult for Islamic financial institutions to use leverage, as well as conservative approach to financing as the risks are shared with the investor. Factors that will drive growth in the Islamic banking sector moving forward include the following: Economic growth and development. The GCC’s GDP growth momentum is likely to continue, supported by oil exports. While the GCC is in a much better fiscal situation to withstand the global economic crisis, we caution that the threat from a liquidity crunch in USD, the risk of a prolonged decline in oil prices and a correction in real estate markets could lead to an economic slowdown, although not as pronounced as in the US. A plunge in crude oil prices would mean much lower oil earnings for GCC countries and this could hit their economic growth, government budgets, infrastructure spending plans and foreign assets/ investments. Falling oil prices will lower current account and fiscal surpluses and hence restricts the ability of the governments to bail out troubled banks. In addition, lower oil prices will also considerably shrink the bank deposits from oil & gas sales. Growing popularity of Shariah-compliant banking. GCC’s population is skewed towards the younger generation – 30% of the population falls under 15 years and 66.7% of the population is between 15-64 years of age – which will continue to drive demand for consumer lending. Shariah-based banking assets in the region are likely to grow over 15%-20% in the medium to long term. The regulators are also in the forefront of developing various industry regulations and best practices for the sustained growth of the sector. Strong financial profiles and support from governments. GCC Islamic banking system is generally strong, underpinned by competent supervision, healthy profitability, sound asset quality and capitalisation, as well as a largely retail deposit base. Islamic banks in the GCC also display adequate asset quality ratios. With NPL limited to 3.4% of gross credit exposures and provision coverage in excess of 100%, Islamic banks in the region are in line with the region’s average, and compare favourably to banks in other emerging countries. Any weakness will be inherent in the UAE and to a certain extent Bahraini banking system. Nevertheless, if liquidity becomes too constrained, we believe that regional central banks will intervene to maintain liquidity in the banking sector. This includes cutting both the target lending rates and deposit rates further. Diversification. Lower cross-border barriers as well as World Trade Organisation’s requirements for some of the GCC countries to open up their banking sectors to foreign competition have resulted in an increase in the competitive environment. Given the increasingly competitive and challenging environment, Islamic banks have begun to look abroad to capture new markets through diversification. Kuwait Finance House plans to invest USD500mln in Asia while National Bank of Kuwait aims for 50% of the group’s profits to come from overseas operations by 2015.
Global Sukuk Development in 2008. After a slow start in 2008, the sukuk market picked up in 2Q08. As at end-December 2008, total global sukuk issuance stood at USD14.9bln, down significantly by 56% from approx. USD34.3bln in 2007. The overall lower level of sukuk issuance was largely due to: deteriorated conditions on the global markets resulted in widening of credit spreads and shortages of USD funding in issuing countries since 4Q07.; uncertainty surrounding the new AAOIFI and the restriction definition of scholars on what constitutes as sukuk to a lesser extent impact sukuk issuance.; investors adopting a wait-and-see approach impacts the demand for new sukuk issues. The primary sukuk market in 2008 continued to be dominated by Malaysia and the UAE, with Malaysia accounted for 36.9% of total new issuances, while the UAE trailed closely at 35.6%. Malaysia and the UAE are expected to continue to dominate the primary sukuk market in the next few years, driven by their authorities’ support for the development of Islamic finance and the UAE’s status as regional gateway to global investors. The sukuk market is also attracting issuers from a larger number of countries compared to previous years and this trend is set to continue. Entities in more than 20 countries, predominantly non-Muslim countries, have expressed their intention to tap the sukuk market. On instrument type, Ijarah is the most popular structure, accounted for more than 45% of total sukuk issuance in 2008, probably a direct consequence of the recent debate regarding the Shariah compliance of some other structures. In terms of currency, USD has lost its place as the currency of choice for sukuk issuance in 2008. Only 10.4% of the value of sukuk issued were denominated in USD. As the global financial crisis intensifies, sukuk issuers deserted the USD funding market and switch to their domestic markets where liquidity was available and the appetite for Shariah-compliant instruments remained strong. Issuers are expected to continue to use these local currencies in the foreseeable future. However, once market conditions return to normal, we expect issuance in USD to resume, mainly because issuers are financing infrastructure projects in the GCC where most costs are denominated in USD. In the medium to long term, as deals get bigger in size and more complex, access to cheap international capital will become more important. For 2009, despite a healthy pipeline for sukuk, we expect global sukuk issuance to come in at a decent USD15bln-USD18bln, if and when financial market conditions start to recover in 2H09 or early 2010. Expect more sovereign issuers in 2009, which include Singapore, Indonesia, Kazakhstan, and Qatar. This would help to build a yield curve and introduce benchmarks for private issuers and hence boost the growth of the sukuk market in these countries. Long-term prospects for the sukuk market are expected to remain strong, given increasing popularity of Shariah-compliant products, the governments’ support for Islamic finance, huge investment and financing requirement in the GCC and Asia, and issuers’ desire to tap investors from the Middle East and Muslim Asia. Infrastructure spending in Asia and the Middle East is expected to reach USD1tln and USD500bln respectively over the next four years.

Emad Yousuf Al Monayea. Chairman and Managing Director. Emad is the Chairman and Managing Director of Liquidity Management House. Emad has more than twenty five years of experience in investments and corporate finance, in both government and private sectors and currently holds key board positions in a number of companies. Emad joined KFH in 1999 where he was the Head of International Investment Department, the department responsible for international corporate finance and investment banking services. During his tenure at the International Investment Department and through his department, KFH had won various international awards in the corporate and investment banking arena. Recently, KFH entrusted him in establishing Liquidity House with the mandate to evolve as a Sukuk House. He also worked as the Deputy Head of Direct Investment Department at KFH. Prior to joining KFH, Emad was with Kuwait Investment Authority (KIA), the investment arm of Kuwait Government, for 15 years, where he was instrumental in setting-up the Direct Investment Department of KIA. Emad is a frequent guest speaker at leading international conferences, including Euromoney conferences, and is a key contributor for the development of Islamic capital market. Emad holds a B.S. Degree from Kuwait University and has completed the Executive Finance Program of INSEAD, France.
Abdul Wahab Al Rushood. Vice Chairman. Abdul Wahab Al Rashoud is the Vice Chairman of Liquidity Management House. He is a skilled banker with more than 22 years of experience in various areas of banking in Kuwait. Abdul Wahab is also the Group Treasurer for Kuwait Finance House, where he is responsible for entire KFH Group Treasury activities and functions. Prior to joining KFH, Abdul Wahab was working with Gulf bank for 15 years and during this tenure Abdul Wahab held various positions in the bank's treasury department. Abdul Wahab holds a BS degree from University of Tampa, Florida. He also sits in the board of various KFH banking and non banking subsidiaries.
Iqbal Mohammed. Executive Vice President – Investment Banking. He is an accomplished Islamic investment banker with comprehensive experience in various facets of Islamic Financing. Iqbal also played a pivotal role in establishing Liquidity House. Prior to joining Liquidity House, Iqbal was a Senior Investment Manager with the International Investment Department at KFH. During this tenure, Iqbal developed several innovative and successful Sharia compatible banking and financing solutions for a wide range of clients. Iqbal has been involved in several milestone and prestigious Islamic financing initiatives in the GCC, Europe and Southeast Asia and his deals have won international awards and acclaim. Iqbal’s passion for innovation and solution-based approach to Islamic investment and financing in the areas of acquisition, project financing and trade financing has helped KFH expand into new markets. Gifted with remarkable leadership qualities, Iqbal has been constantly involved in mentoring and building teams. Prior moving to Kuwait, Iqbal acquired significant experience in Canada in the areas of conventional banking, telecommunications and marketing. A record of accomplishment and outstanding performance in professional, managerial, and executive capacities distinguished his tenure in Canada.
Ahmed Soud Al Kharji. Senior Vice President – Investment Banking. He has got over 12 years of experience in various areas of Investment banking and has also played a key role in establishing Liquidity House. Prior to joining Liquidity House, Ahmed was a working as Senior Investment Manager with the International Investment Department of Kuwait Finance House (KFH), where he held the responsibilities for origination, structuring and distribution of Islamic structured financing including debt capital market issues covering a spectrum of industries. During his tenure with KFH, he was seconded to Kuwait Turkish Participation Bank (a KFH Banking Subsidiary) to develop the investment banking activities, where he successfully completed various landmark transactions. Prior joining KFH, Ahmed was working with the Central Bank of Kuwait, heading the Off-Site Banking Supervision Section. He also gained significant experience in corporate credit during his tenure with Burgan Bank and Merrill Lynch (USA). Ahmed holds an MBA degree from University of San Diego, California, USA and successfully completed the high profile executive program with Harvard Business School. He is a board member of Turk Capital (investment arm of the Kuwait Finance House focusing on Turkey and other neighboring countries).
Masroor Ahmed Siddiqui. Senior Vice President – Investment Banking. He handles various business segments including structured and project finance and capital market transactions. Masroor has been with KFH group since January 2002. Prior to joining KFH group he worked as an Auditor / Consultant for Financial Service group of KPMG and Anderson. With KFH group, Masroor has worked as a team leader for a number of Sukuks, project finance and structured finance transactions arranged by KFH. Masroor has contributed significantly in developing and structuring innovative Islamic Shari’ah compliant products and Islamic financing solutions for the Islamic finance Industry. Masroor is a certified Chartered Accountant (ACA) and Certified Internal Auditor (CIA) from USA.
Mubarak A. Al-Refaei. Vice President – Investment Banking. Mubarak has more than ten years of experience in areas of Islamic Finance, Investment Banking, Leasing, Consumer Finance, Real Estate Investments, Direct Investment, Corporate Finance & Advisory Services, Structured Finance & Securitization and Investment solicitation. He spent two years at the International Investment Department in KFH before joining Liquidity House, where he was exposed to diverse types of transactions that primarily cover bilateral financing, sukuk, project finance and structured funds using different financing techniques. Prior to joining KFH Mubarak worked for six years in the investment sector at A’Ayan Leasing & Investment Company as the Head of Asset Management activities. While in A’Ayan, he managed to launch several investment funds and portfolios in different sectors. He also concluded a few number of direct investment projects and mainly focused on executing distinguished structured finance tasks. As a preceding step to A’Ayan, he started his career with Global Investment House in the Corporate Finance Department. Mubarak passed the Islamic Finance Qualification (IFQ) exam that is jointly developed by the Securities & Investment Institute (SII) in London and the Ecole Supérieure des Affaires (ESA). He also holds an MBA from the University of San Diego, California.
Imthaz Ali. Vice President – Investment Banking. Imthaz Ali is currently working as a Vice President at Investment Banking Group for Liquidity House and handles various business segments including structured and project finance and capital market transactions. Imthaz acquainted with Islamic financing specialties in sectors like aviation, petrochemicals, oil and gas and so forth. Imthaz has more than 12 years of experience in Corporate Finance, Assurance Business Advisory, Audit, Tax and Management Consultancy. Prior to joining Liquidity House, he worked and held senior positions at the International Investment Department of KFH. At KFH he spent more than seven years and handled landmark Islamic project finance transactions and capital market transactions, and has structured and managed several asset management products including Funds for high net worth individuals. Imthaz has worked at Tax Consultancy Services of Ernst &Young (E&Y) Kuwait and handled various consultancy and tax audit assignments for various multinational corporate based in Kuwait. Prior to that he has worked at E&Y, Colombo, as a senior auditor and worked in various business consultancy assignments including auditing, corporate valuations & financial modeling and corporate diagnostic and feasibility studies. Imthaz is a member of the Institute of Chartered Accountants of Sri Lanka (ACA).
Mohammad Arif Shaikh. Assistant Vice President – Enterprise Support. Responsible for the IT, HR and Administration in Liquidity House and a member of the elite team involved in the setting up of Liquidity House. Prior to Liquidity House Arif Shaikh worked in KFH as an IT Consultant where he was a part of the team that was responsible for the overall technological direction of KFH and to achieve all strategic and operational objectives and targets of the IT Sector. His duties included planning, management and development of the IT services provided to Business. Arif was also involved in the administrative procedures, such as hiring, training and supervision of the Business Consultant Department. Arif also worked as a Business Consultant for the Investment Sector where he was responsible for aligning the IT and business strategies and participated in bridging the gap between IT and the Investment Sector. Arif was also the Business Consultant in the iMal Project (live on December 2007). Arif also assisted in the establishment of a new IT Department in KFH that was responsible for all the delivery channels of the bank, namely the telephone banking IVR, ATMs and web site. Successfully launched the KFHOnline website in 2002.
Mohammad Arif Qureshi. Assistant Vice President – Financial Management. Arif Qureshi, Assistant Vice President (AVP) of the Financial Management Division of Liquidity House with 10 years banking experience in finance department with a track record of leading the preparation and analysis of financial reports to summarize and forecast financial position. He is the fellow member of Institute of Chartered Accountants of Pakistan (ICAP) and the Associate member of Institute of Cost and Management Accountants (ICMA). He has a remarkable working experience with leading financial institutions and trading companies. During this tenure he worked in multiple management positions in the Financial Planning & Control Division. He built a high quality finance team, improved the business planning process, developed a high quality of internal management and external reporting and led the implementation of the new Basell II capital adequacy framework and new Central Bank of Kuwait reporting requirements. In a leading trading company of Kuwait he successfully implemented a process of distribution system of J.D.Edwards with integration to General Ledger. The modules that were implemented sales & purchase order processing, inventory management, accounts receivable and accounts payable system that improved the quality of internal and external reporting requirements of the management.
Fayaz Ahmed. Head of Risk Management. Fayaz Ahmed is Head of Risk Management at Liquidity Management House; a Financial Management professional brings over 14 years of experience in financial verticals (Islamic and conventional FI’s), engineering project management and quantitative finance fields. Fayaz has sound experience of Risk Management, Quantitative Finance, Corporate Finance, Valuations and Structured Credit with a track record of delivering results and experience of working directly with CEO’s and top Executives of local financial institutions. Prior to joining Liquidity House, he has worked with Risk Management team of Boubyan Bank, KFH, Global Investment House, Advisory team of KPMG and Corporate Finance & Investment Banking team of Securex Capital. He was an ex Board member of Boubyan Takaful Insurance company. He has accumulated an extensive experience of Risk Management through his associations with Risk Management Committees, ALCO, Credit & Investment Committees and various Strategies committees of Financial Institutions and has strong understanding of market behavior and the regulatory issues in Middle East and Emerging market. Fayaz, an MBA from AIM, Manila, with an undergraduate study in Chemical Engineering and has recently completed Executive Education in “Financial Engineering” jointly offered from UCLA Anderson School of Management & Indian School of Business (ISB).