Tarek Ben Halim was a successful investment banker who left banking in 2000 to pursue charitable work and promote justice and democracy in the Arab World. In 2004, he founded Alfanar the first Arab venture philanthropy organisation to introduce a more effective and sustainable approach to development in the Arab region.
His education led to a successful and dynamic career in investment banking which included positions at JP Morgan, Credit Suisse First Boston and Goldman Sachs, where he became a managing director. In 2000 Tarek was responsible for the $2 billion flotation of Turkcell, which at the time was the largest ever emerging marketIPO. Exile from Libya taught Tarek early on about the perils of politics in the Arab world. Combined with the stories of his mother's flight from Palestine, it had a strong influence on his belief in justice and democracy as necessary tools for improving lives and communities in the region. In a commentary piece published in The Los Angeles Times on 9 February 2003, Tarek criticised "self-serving, unrepresentative governments that have, with few exceptions, ruled the Arab world since the 19th century". Tarek hoped that changing the Iraqi regime in 2003 would cause similar changes in leadership across the region. He volunteered to work with the British forces and was appointed Deputy Director of private sector development with the Coalition Provisional Authority. However, he soon became frustrated with the CPA's approach. "He felt that the occupying force seemed more focused on quick gain rather than building a sustainable framework that would survive its departure." He resigned after only a few months.
Alfanar and investment banking.
Tarek's time in Iraq strengthened his determination to put into practice what Arab governments had long failed to do – improve livelihoods by responding to community needs. In 2004, he started Alfanar to promote a strong, vibrant, professional civil society in the Arab world. Alfanar aims to improve lives in disadvantaged communities throughout the region by fostering the growth of innovative, self-reliant organisations that effectively respond to pressing, long-term community needs.
Death
Tarek Ben Halim died on 11 December 2009 aged 54 after being diagnosed with brain cancer 14 months earlier. He was married to Cynthia Oakes, a Princeton graduate and daughter of iconic US journalist John Bertram Oakes. She and their three children, Omar, Kais and Leila, survive him. His obituary in The Guardian describes him as "a man of high principle and humour".
