Israel holds a Bachelor of Law (Honours) Degree, an MBA and PhD in Leadership and Corporate Governance. He also holds Diplomas in Leadership and Corporate Governance and Human Resources Management. He is a Chartered Human Resources Practitioner(CHRP"G") and Fellow of the Institute of People Management Zimbabwe (IPMZ).
He is a Member of both the Zimbabwe Institute of Management (ZIM) and Institute of Directors Zimbabwe (IoDZ). Israel previously held positions of Employee Relations Manager and Human Resources Manager with two local multinational banks namely Standard Chartered Bank and Stanbic Bank. Before joining FBC Bank Limited he was the Human Resources Executive of a large Zimbabwean meat and food processing company known as the Cold Storage Company.
He joined FBC Bank Limited in March 2000 as Head, Human Resources until January 2005 when he was promoted to Group Head, Human Resources for FBC Holdings Limited. He is currently the Divisional Director, Group Human Resources in the same organization.
He also holds a Non-Executive Directorship with GB Holdings Limited, a listed entity on the Zimbabwe Stock Exchange, and is past Non-Executive Director of a state owned enterprise known as National Handicraft Centre, and is immediate past Independent Chairman of Motor Industry Pension Fund. He is a past Chairman of 2 National Employment Councils (NECs) namely NEC Energy and NEC Motor Industry. He is a member and past Chairperson of the Banking Employers Association. He is the 1st Vice President of the Employers Confederation of Zimbabwe (EMCOZ) which is the national grouping of all employer associations in Zimbabwe. He is also Chairman of Construction Industry Pension Fund and Non-Executive Director of Slice Distributors. Israel Murefu alsositson the boards of 2 subsidiary companies of FBC Holdings Limited which are Microplan Financial Services and FBC Securities.