After completing a PhD in economics at the University of Frankfurt, where he later took on a teaching post, he also gathered experience working for Germany’s Federal Financial Supervisory Authority (BaFin). Since joining the Bundesbank in 2014, he has been entrusted with various topics, especially those with a macroeconomic focus.
The Islamic finance industry has so far not done much to tap the potential of Islamic microfinance due to its perceived high risk and its preoccupation in serving the financing needs of the government and large corporates.