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Saleh Malaikah

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Saleh Malaikah
جميل صالح ملايكة
Born1960
Saudi Arabia
NationalitySaudi Arabian
EducationB.Sc. Civil Engineering, KFUPM; MBA, KFUPM; Ph.D. in Business Administration, Michigan State University
Occupation(s)Businessman, investor, economist
Known forFounder and chairman of Rusd Holding Group, Ex-Vice Chairman Salama[1][2]
AwardsLifetime Achievement Award (LARIBA), Takaful Leader Award, Outstanding Contribution to Takaful

Saleh Malaikah (Arabic: جميل صالح ملايكة‎; born 1960) is a Saudi businessman, Investor, and economist noted for his involvement in Islamic finance and Takaful. He is the founder and chairman of Rusd Holding Group.[3][4]

Early life and education

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Malaikah was born in Saudi Arabia and spent part of his early life in Cairo, Egypt. He earned a bachelor's degree in civil engineering and an MBA from the King Fahd University of Petroleum and Minerals (KFUPM), followed by a Ph.D. in Business Administration from Michigan State University.[5]

Career

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He began his career as an associate professor of finance and investment at KFUPM.[6] He later served as CEO of Al Baraka Investment and Development and as chairman of Al-Tawfeek Company for Investment Funds.[7][8]

In 2002, he established Rusd Investment Bank in Malaysia, aiming to promote Shariah-compliant financial services in Gulf and Southeast Asian markets.[9] Malaikah has held leadership roles in various Takaful-related companies,[10] including serving as chairman of subsidiaries under Salama – Islamic Arab Insurance Company and BEST Re.[11][12][13][14]

He has also chaired Taajeer Group and served on the boards of various organizations, such as METLICO, Alawwal Capital, and Taajeer Finance.[15][16][17][18][19]

Industry leadership

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Malaikah has been an advocate for Takaful and Islamic insurance. He has delivered keynote addresses at various international forums and supported the growth of Shariah-compliant insurance across regions such as the UAE and Malaysia.[20][21][22][23]

Awards and recognition

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Malaikah has received several industry accolades, including the Takaful Leader of the Year (2007), Outstanding Contribution to Takaful (2009), and the Lifetime Achievement Award from LARIBA.[24][25][26]

Academic and philanthropic involvement

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He serves as Chairman of the Board of Trustees at Jeddah International College[27] and is a trustee of the Centennial Fund, which supports youth entrepreneurship in Saudi Arabia.[28][29][30]

Personal life

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Malaikah has one son and four daughters. He survived the crash of EgyptAir Flight 843 in 2002.[31]

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In 2019, Malaikah was referred to the Dubai Penal Court over financial disputes related to his tenure at Salama. He was cleared of all charges in 2025.[32][33] A separate civil case concerning shareholder equity, reportedly owned by Malaikah and allegedly transferred without authorization, remains unresolved.[34]

References

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  1. ^ "Corporate Governance Report 2019" (PDF). Salama UAE. Retrieved 2025-06-16.
  2. ^ "SALAMA Islamic Arab Insurance Co. (IAIC) makes AED 181 million profits by the end of 2006". Salama. Retrieved 2025-06-11.
  3. ^ "Islamic Banker in Bid to Boost Business Between GCC and Malaysia". Arab News. 2004-11-08. Retrieved 2025-06-04.
  4. ^ "Malaysian investment bank signs MoU with Al Tawfeek". Khaleej Times. Retrieved 2025-06-10.
  5. ^ "Bloomberg Executive Profile: Saleh Jameel Saleh Malaikah". Retrieved 2025-06-04.
  6. ^ "Rusd Capital – Dr. Saleh J. Malaikah". Retrieved 2025-06-04.
  7. ^ "Islamic Banker in Bid to Boost Business Between GCC and Malaysia". Retrieved 2025-06-04.
  8. ^ "Islamic Banking Theory and Practice" (PDF). Islamic-Banking.com. Retrieved 2025-06-04.
  9. ^ "Takaful News - Salama's 06 Profits". Middle East Insurance Review. Retrieved 2025-06-04.
  10. ^ "Malaika Named Takaful Leader for the Year 2007". Arab News. 2007-04-17. Retrieved 2025-06-10.
  11. ^ "Top 100 Executives – Arabian Business". Retrieved 2025-06-04.
  12. ^ "Saleh Jameel Saleh Al-Malaikah – Biography". Retrieved 2025-06-04.
  13. ^ "SALAMA Celebrates 30 Years of Success". 2009-08-10. Retrieved 2025-06-04.
  14. ^ "SALAMA General Assembly Resolutions – May 4, 2020" (PDF). Retrieved 2025-06-04.
  15. ^ "Alawwal Capital Stakeholders". Retrieved 2025-06-04.
  16. ^ "Board of Directors – Misr Emirates Life Takaful". Retrieved 2025-06-04.
  17. ^ "Saleh Malaikah". MEED. Retrieved 2025-06-04.
  18. ^ "LARIBA Award: Dr. Saleh J. Malaikah". Retrieved 2025-06-04.
  19. ^ "Board of Directors – Taajeer Finance". Retrieved 2025-06-04.
  20. ^ "The Takaful Way – Executive Magazine". Retrieved 2025-06-04.
  21. ^ "IHG Expands Premium Portfolio in Saudi Arabia". Retrieved 2025-06-04.
  22. ^ "Al-Fardous Hotel Group Company – Company Profile". Retrieved 2025-06-04.
  23. ^ "300 Insurance leaders gather to lay new foundations for growth of Takaful industry". 2009-02-11. Retrieved 2025-06-04.
  24. ^ "Power 40: The Giants of the Middle East". Retrieved 2025-06-04.[permanent dead link]
  25. ^ "GCC Islamic Banking". Retrieved 2025-06-04.
  26. ^ Release, Press. "Islamic Arab Insurance Company Rebrands As "Salama" Islamic Arab Insurance Company". www.zawya.com. Retrieved 2025-06-10.
  27. ^ "Manhom: Dr. Saleh Malaikah Profile". Retrieved 2025-06-04.
  28. ^ "Rusd Capital". Retrieved 2025-06-04.
  29. ^ "Executive bios of prominent people and decision makers in Arabia". Retrieved 2025-06-04.
  30. ^ "Board of Directors – Alawwal Capital". Retrieved 2025-06-04.
  31. ^ "Final Death Toll: 14 Killed in EgyptAir Crash". Retrieved 2025-06-04.
  32. ^ "Dubai Penal Court clears Salama former vice chair and MD of charges". Retrieved 2025-06-04.
  33. ^ "Ex-Managing Director of SALAMA Cleared". Retrieved 2025-06-04.
  34. ^ "Ex-managing director of SALAMA cleared". Retrieved 2025-06-04.
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