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Alliance Islamic Bank names new CEO

Alliance Islamic Bank Bhd. named Rizal Il-Ehzan Fadil Azim its new CEO, The Edge Markets reported Aug. 1, citing a company statement.

He replaces Foziakhatoon Amanulla Khan, who will take on the role of chief business development officer for the strategic business development division of Alliance Bank Malaysia Bhd.

The appointment is effective immediately, according to the report.

Alliance Islamic Bank and Alliance Bank Malaysia are units of Alliance Financial Group Bhd.