Industry: Banking & Finance
Company: Unicorn Investment Bank
Majid Al Sayed Bader Al Refai is one of the pioneers of Islamic finance and has more than 20 years of experience in establishing Islamic financial institutions and providing Sharia-compliant products.
The founder, managing director and CEO of Unicorn Investment Bank, he established a close relationship with UBS Investment Bank and engaged the global bank to assist in the capital-raising for the multi-line Islamic business model represented by Unicorn.
Formerly, Al Refai was founder, director and CEO of First Islamic Investment Bank (renamed Arcapita), Bahrain, which was formed through the acquisition of another company launched earlier by Al Refai, Majestic Global Investments, Ltd.
He also founded Commerce MGI Sdn Bhd in Malaysia, and was a senior executive in investment banking with the Dallah Al Baraka Group in Saudi Arabia, where he established the Kuwait Reconstruction Fund with issued capital of $175m.
In Kuwait, Al Refai was assistant general manager in the Investment Department of Al Tawfeek Co and Al Amin Securities Co. In addition, he worked at
Kuwait Finance House
, where he was responsible for a $420m trade financing portfolio, and as a partner in The International Investor, where he was in charge of developing global business.
A graduate of Purdue University in Indiana, Al Refai has an undergraduate degree in Chemical Engineering and an MS in Finance.