Managing Director at Finocracy | Bahrain
Ashar is a fintech investor and board advisor. He is Managing Director at Finocracy and lead-founder
of the digital onboarding platform (Waqfe) that is deployed by banks in the GCC.
Formerly, Ashar was Partner and global head of Islamic banking practice at EY. He led the firm’s
advisory practice to build-out 30 major Islamic financial institutions and national level programs
across emerging markets.
Ashar also served as Senior Strategist at the Central Bank of Bahrain where he was responsible for
the implementation of financial sector reforms.
In 2017, Ashar left EY to focus on building fintech businesses for financial institutions. He is working
alongside leading regional banks to invest in, and build and operate fintech solutions. He is
Managing Director of Finocracy.
Ashar’s network and unique track record of strategy consulting, operational buildout and customer
experience roles gives him a holistic understanding of digital influences driving change for the
banking industry. He directed set up of a fintech consortium of banks in GCC, consulted boards of
Islamic banks on digital transformation and worked alongside management teams on
operationalising digital strategies.