Mr. Sohaib Umar

Mr. Sohaib Umar is a senior Islamic finance professional with over two decades of diverse experience in advisory, corporate finance, private equity and capital markets. He is currently working as Advisor, Islamic Financial Services Development with the Central Bank of Bahrain (CBB). In this role he is responsible for recommending and overseeing new strategic initiatives and regulations by the CBB in Islamic banking, Takaful and capital markets. He is also serving as Administrator of the Waqf Fund, a CBB-supervised endowment for Islamic finance training, education and research. Previously, he worked as Executive Manager at Ernst & Young Bahrain in their global center of excellence in Islamic finance advisory. He led the development of Islamic banking regulatory framework for a GCC country which is generally recognized by the market as best in class in Shari’ah and corporate governance.

He started his professional career in equity brokerage as a research analyst. He became head of research for CLSA Emerging Markets Pakistan office and was later transferred to the head office in Hong Kong where he spent the next two years. He came back to Pakistan in 2002 as CEO of TMT Ventures, a venture capital company which invested in promising start-ups in technology, media and telecom companies. He served on the boards of investee companies, overseeing strategy and accelerating growth. He has an MBA in Finance and is also a CFA. He contributes regularly to Islamic finance thought leadership. He is also serving as a member of the Governance & Ethics Board of AAOIFI, the leading standard setting body for Islamic finance industry.