Imad Al-Sadi General Manager of the PIB
The Board of Directors of the Palestine Islamic Bank (PIB) announced that Mr. Imad Al-Sadi has officially been appointed as in his new position as general manager of the bank, after the approval of the Palestine Monetary Authority (PMA) on his nomination by the Board.
The 51-year-old banker is considered as one of the most prominent and skilled bankers in the Palestinian banking sector, and is known for his diverse and valuable experience throughout his career of more than 27 years. He joined the banking sector in 1993, and rose in several senior management positions in PIB, the first of which was the position of regional branch manager, then he became the assistant general manager of the distribution network, and since the beginning of 2019, Al-Sadi held the position of deputy general manager. He is also a member of the Board of Directors and represents the bank in the Takaful Insurance Company. During 2019, he was also selected as a financial expert and member of the Board of Directors of the Agricultural Credit Fund by decision of the Palestinian government and nomination of the Minister of Agriculture. During 2020, Al-Sadi became a member of the Sustainability Working Group of the General Council for Islamic Banks and Financial Institutions (CIBAFI Sustainability Working Group) with a group of international experts in Islamic finance and banking.
Al-Sadi holds a master’s degree in financial and banking management from M.S UNIVERSITY-INDIA, and a bachelor’s degree in accounting. Since 2018, he has been a doctoral researcher in Islamic economics at IZU University in Turkey. In 2019 the Aliqtisadi newspaper in Palestine chose him among the most prominent influential figures in Palestinian economy. Al-Sadi was previously a lecturer at the Arab American University and a trainer for bank employees at the Palestine Banking Institute.
PIB Chairman of the Board Maher Al-Masri stated that the nomination of Al-Sadi as general manager of the bank came after an evaluation process in accordance with the best applicable standards, in addition to his important achievements during his tenure in several advanced management positions within the bank, during which he demonstrated his ability to achieve the bank’s purposes and aspirations and the optimal implementation of the strategic plans approved by the Board of Directors. Al-Masri added that this decision is an affirmation of the board’s trust in his competencies within the bank to hold key administrative positions.
The Chairman of the Board expressed his trust in Al-Sadi’s ability to manage the bank in light of the challenging period that the banking sector is facing, as a result of the political situation and the repercussions of the Covid-19 pandemic. He reiterated his conviction in Al-Sadi’s ability to implement best practices based on his remarkable administrative and banking skills and based on cooperation with all colleagues to achieve the bank's mission and to provide high-quality, modern and comprehensive banking solutions in accordance with the provisions of Islamic Sharia, and achieve the aspirations of shareholders.
For his part, Al-Sadi thanked PIB’s Board of Directors and the PMA for their trust, ensuring that the Bank will continue its achievements through progressing with the implementation of its strategic plan and providing more banking services that suit the costumers’ needs and meet the aspirations of our people.