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25 April 2024

Thomson Reuters names unit head

Rushdi Siddiqui, Thomson Reuters (SUPPLIED)

By Staff Writer

Thomson Reuters yesterday said it has appointed Rushdi Siddiqui to lead its Islamic Finance business. Thomson Reuters, which has been active in the Middle East, Africa and South East Asia since 1865, has strong Islamic finance assets covering leading content, news, analytics and trading capabilities.

Siddiqui will use these assets and work closely with Islamic finance and banking professionals including fund managers, treasury, financial hubs, regulators, stock exchanges, central banks, takaful entities, halal industry, intra-OIC (57 Muslim countries), trade, investment, as well as others to strengthen and grow this business, a statement said.

Basil Moftah, Managing Director for Thomson Reuters in the Middle East and Africa, said: "Rushdi's appointment demonstrates our commitment to Islamic finance and follows years of investment in specialised regional content, news and data across the Middle East and Africa."

Siddiqui said: "Thomson Reuters has deep roots and strong assets in the existing and emerging hubs of Islamic finance which I found very attractive. Its platform also addresses several of the bottlenecks hindering the growth of Islamic Finance including the reduction of information search costs, connectivity to the global Islamic finance community, and executing transactions.

"I am looking forward to this new challenge."