Name Adnan Chilwan Role Banking executive | Nationality Indian | |
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Occupation Group CEO of Dubai Islamic Bank Residence Dubai, United Arab Emirates | ||
Gies 2015 thought leadership series dr adnan chilwan
Adnan Chilwan (Arabic: عدنان شلوان) is an Indian banking business executive, currently the Group CEO of Dubai Islamic Bank. His career has spanned nearly two decades in the fields of both conventional and Islamic banking. In 2014, he was ranked 11th in Forbes Middle East's list of the Top Indian Leaders in the Arab World. In 2015, Chilwan was listed 4th on Trends Magazine's and INSEAD Business School's annual ranking of the Top 100 CEOs in the Gulf Cooperation Council.
Contents
- Gies 2015 thought leadership series dr adnan chilwan
- Dubai islamic bank ceo adnan chilwan on the importance of innovation in the islamic economy
- Career
- Recognition and awards
- References
Dubai islamic bank ceo adnan chilwan on the importance of innovation in the islamic economy
Career
Chilwan spent much of his early career in management positions at a wide range of Islamic and conventional banks in the Gulf region. Some of these banks include, HSBC, Dubai Bank, Abu Dhabi Islamic Bank, and Mashreq. He began work for Dubai Islamic Bank in 2008, first serving as the Chief of Retail Banking and later as the Deputy Chief Executive Officer. In 2010, Chilwan became a founding member of the board of directors for the Sharia-compliant Emirates Real Estate Investment Trust, a joint venture between Dubai Islamic Bank and Eiffel Management.
In July 2013, Chilwan was appointed to the chief executive position at Dubai Islamic Bank. Abdulla al Hamli, who had been the bank's CEO for five years, was appointed to the position of Managing Director. The corporate restructuring was said to be made to "refocus the bank's strategy towards an agenda of growth and expansion." By November 2013, the bank's net profit was up 33.5% compared to the previous nine month period. By 2014, the bank had 1.4 million customers and 86 branches across the UAE.
As CEO, Chilwan lead the bank's move toward more globalisation. Potential expansion targets have included the Middle East, Asia, East Africa, Indonesia and India. He has indicated that his long-term goal is for the international operations of the bank to compose about 10 to 15% of the total revenue. In 2015, the bank was nearing expansion into Kenya and Indonesia. Chilwan has also looked to integrate small and medium-sized enterprises. He helped develop the SME Business Solutions Initiative, a Sharia-compliant line of financial products and services aimed at providing liquidity management solutions to SMEs.
Recognition and awards
Adnan Chilwan was ranked 4th in the top CEO 2015 awards ceremony, which was based on the financial statements of publicly listed companies and presented by Trends Magazine and INSEAD Business School. In 2014, Arabian Business named him to its list of the Gulf Cooperation Council's 100 Most Powerful Indians, and the Global Islamic Finance Awards awarded him the title of Islamic Banker of the Year.