This is Saint Elias (or Elijah). He is celebrated in my home country, Lebanon, on the 20th of July.
According to Wikipedia:
Elijah (Hebrew: אֱלִיָּהוּ, Eliyahu, meaning “My God is Yahu/Jah”) or Elias (/ɪˈlaɪ.əs/; Greek: Ηλίας Elías; Syriac: ܐܸܠܝܼܵܐ Elyāe; Arabic: إلياس or إليا, Ilyās or Ilyā) was a prophet and a miracle worker who lived in the northern kingdom of Israel during the reign of Ahab (9th century BC), according to the Books of Kings in the Hebrew Bible.
I had no idea what the pointed index meant until recently when I was reading esoteric books. In short, the index finger pointing up is a remembrance to the fact that God is above or just a remembrance and acknowledgment of God, the creator.
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