Majid Al-Sayed Bader Al-Refai is one of the pioneers of Islamic finance and has more than twenty years of experience in establishing Islamic financial institutions and providing Shari’ah compliant products. Mr. Al-Refai is the Founder, Managing Director and Chief Executive Officer of Unicorn Investment Bank. He established a close relationship with UBS Investment Bank (USA) and engaged this global bank to assist in the capital-raising for the unique, multi-line Islamic business model represented by Unicorn. Mr. 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 Mr. 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 US$175 million. In Kuwait, Mr. Al-Refai was Assistant General Manager in the Investment Department of Al-Tawfeek Company and Al-Amin Securities Company. In addition, he worked in Kuwait Finance House, where he was responsible for a US$420 million 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, Mr. Al-Refai has an undergraduate degree in Chemical Engineering and an MS in Finance.
