Jad Toubayly is no stranger to this list. Toubayly first moved to the UAE in 2005 with Ernst & Young within their transaction advisory services. His acute interest in numbers and business acumen landed him a job at Deutsche Bank in late 2008 as a Sharia-compliant credit and derivative structurer. Toubayly was involved in major credit, derivative and capital markets transactions from across the globe and spent most of his time between Dubai and London.
From there, Toubayly moved to JP Morgan in 2014, continuing with Sharia-compliant credit and derivative structuring with a global mandate. Toubayly not only grew his base in structuring major transactions but his keen interest in the ability to leverage technology enabled him to completely restructure and build the internal framework from the ground up, allowing
JP Morgan to seamlessly execute Sharia-complaint derivative transactions.
To date, Toubayly’s system is still regarded as ingenuitive and avant garde in the field of Sharia compliant transactions.
In parallel to his banking career, Toubayly has always had a flair for entrepreneurship with more than a dozen start-ups under his belt. He co-founded Idealz in 2016, a unique e-commerce platform that has completely redefined the online shopping experience. His ability to think outside the box has allowed him to marry online shopping with social impact using a win-win-win formula. This formula and business model is one that not only pleases the customer and the business’s bottomlines, but also has substantial CSR outputs.
In keeping with his past experience, Idealz is fully Sharia-compliant and has done extensive work with Dubai Cares to provide quality education to those less fortunate around the world.
Idealz has achieved over 1,100 percent year-on-year growth in their contributions to different charitable causes with Dubai Cares. They have most recently sponsored the construction and operations of an elementary school in Nepal. Toubayly has ensured that CSR is and remains deeply embedded into the DNA of Idealz and continues to find ways to increase social impact.
The true innovation of Idealz’s business model along with its growth and performance prospects attracted a leading global venture capital firm (top 10 in the world) to make their first investment into the MENA region. Idealz’s global reach has topped 150 countries since going live in late 2017 and was subsequently voted the region’s Startup of the Year in 2018 by Arabian Business. Toubayly now focuses full time on expanding Idealz’s geographical dominance beyond the MENA and GCC regions and maximising its social impact outputs.
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