Adnan A. Al Musallam, Chairman & CEO, Investment Dar
Adnan A. Al Musallam is well known in the Islamic financial industry for his pioneering vision and business acumen. He established Investment Dar in 1994, and was the driving force behind the company, once a small consumer house, that has since then turned into a leading international financial institution with associate projects and assets under management exceeding USD 15 billion. A conglomerate that owns and manages a group of specialised high profile companies diversified across a broad spectrum of essential business sectors including banking, finance, investment and asset management, real estate, insurance and logistics in addition to major projects both regionally and internationally. All working in compliance with the noble Islamic Shariah principles.
Backed by over 28 years of experience in the Islamic financial industry since his career at Kuwait Finance House in 1979, Al Musallam is the man responsible for policy making in compliance with Islamic Shari'ah principles, setting standards for performance, both from technical and human resources standpoint.
Al Musallam also sets the future Investment Dar. A shrewd vision and pioneering mission that is based on innovation, development and commitment to success. He brought Investment Dar to become the largest listed investment company in the GCC employing a staff of over 400 professionals and an ideal business model for other investment companies to follow with assets exceeding USD 3.6 billion and total shareholders' equity exceeding USD 1 billion*. He was also the man behind Investment Dar's enormous achievements and successes and numerous prestigious awards and accolades including:
§ The Best Islamic Finance House, Banker Middle East Industry Awards 2007
§ The Best Investment Company, Arabian Business Awards 2007
§ Achievement Recognition Award, World Finance & Investment Conference
§ Gulf Economic Award by Exe-German Council Gerhard Shrewder – 2006
§ Top 50 most Distinguished Arab Companies: Rated 1st in Kuwait and 6th In the GCC - Arabian Business magazine
§ Top 150 listed companies in the GCC – Rated 1st in the GCC by sector – Gulf Business Magazine.
§ 7th in Kuwait – Dow Jones Arabia 50 Titans Index
Adnan Al Musallam is the founder of Investment Dar Company and currently holds the position of Chairman & CEO. He is also a board member in Al Dar Asset Management Company (Adam) and board member at Bahrain Islamic Bank in the Kingdom of Bahrain. During his career spanning over 38 years of experience in the Financial and banking Industry, Al Musallam held many senior positions at leading companies such as: vice chairman in Al Madar Finance & Investment Company, board member in Al Dar National Real Estate Company, board member in Wethaq Takaful Insurance Company and board member in the establishment committee of Boubyan Bank.
Al Musallam also held various managerial and executive positions at many institutions including Kuwait Finance House, Bank of Kuwait & the Middle East, Al Shall Economic Studies Bureau and even lectured at Kuwait University.
Born in 1950, Adnan Al Musallam from an early age proved to have a flair for numbers, working hard at school and later at work, honing his natural aptitude for finance and banking. He acquired an MBA in Business Administration from North Texas State University in 1976 and obtained his bachelor's degree in Finance from Kuwait University in 1973. He is married with 5 children.