Welcome to Daringopinion.com
The Website of Elie Elhadj
Elie Elhadj
I am a banker with a thirty-year career in New York, Philadelphia, London, and Riyadh. During most of the 1990s, I was  Chief Executive Officer  of Arab National Bank, a 110-branch banking institution in Saudi Arabia. My task at ANB was to tighten financial and credit controls, re-engineer and automate the bank's operations, and introduce new services. As a result, the number of employees was reduced from 2,600 in early 1991 to 1,400 by 1997. Net profit increased substantially. The culture of the institution was modernized. The stage was set for future growth. In 1995, ANB was selected by “Computer World” Magazine, as one of the 16 model banks worldwide in the efficient use of modern technology. In its first credit rating in 1995, ANB received from Bankwatch Rating Agency in New York the highest rating.
During most of the 1980s, I was  Managing Director of Al Rajhi Investment Corporation in London. This was an innovative assignment. It involved creating and managing a new investment advisory company in London for Al Rajhi Bank of Saudi Arabia, a $50 billions bank with 550 branches. A non-interest bearing short-term trade-finance instrument was developed and introduced to world markets for the first time. Several billion dollars were lent to many among the largest corporations in Europe, Japan and the Far East. The new financing instrument has become the standard non-interest bearing short-term trade-related financing provided by Islamic banks today.
My formative years in banking were between 1974 and 1980 at the Philadelphia National Bank in Philadelphia, Pennsylvania and in London. The early 1970s were spent in the finance departments of Sinclair Oil Corporation (merged into Atlantic Richfield Oil Company) and American Electric Power Company, both in New York City.   

Born in Syria, my schooling encompassed Damascus University in Damascus, Syria (BA-Accounting), University of Pennsylvania in Philadelphia, Pennsylvania (MA-Business and Applied Economics), and New York University in New York City (completed Ph.D. course work in Economics but no dissertation). 
In 1998, I opted for early retirement from banking in order to seek answers to questions on the culture and religion, politics and reform prospects in Arab countries. I enrolled as a student at London University's School of Oriental and African Studies.  

Seven years later, with an M.A. in History and a Ph.D. degree, I wrote The Islamic Shield. The book addresses likely causes behind 9/11 and Arab resistance to democratic and religious reforms and the consequences that such resistance might have on the Middle East and the wider world. 
For details on both books, please see the next page: Books by Elie Elhadj