ZAHID UR REHMAN KHOKHER, Acting Secretary-General of the IFSB
Jaseem Ahmed added, "The IFSB
welcomes the formalisation of our cooperation with the AMF.
also coordinates initiatives on industry related issues, as well as organizing roundtables, seminars, conferences and awareness programs for regulators and industry stakeholders in various countries.
is an international institution based in Kuala Lumpur, Malaysia.
The Council of the IFSB
in its 27th meeting held on December 8, 2015 at the Islamic Development Bank Headquarters in Jeddah, Saudi Arabia, approves the membership of the SECP for IFSB
The Exposure Draft of Guidance Note 6 on Quantitative Measures for Liquidity Risk Management in Institutions offering Islamic Financial Services (ED of GN-6), which was issued by the IFSB
for public consultation, aims to complement global liquidity standards issued by the Basel Committee on Banking Supervision and other developments on liquidity risk management for the IFSI.
The Kuala Lumpur-based IFSB
is an international standard-setting organization that promotes and enhances the soundness and stability of the Islamic financial services industry.
In line with the objectives of the IFSB
to support development of a prudent, efficient and resilient Islamic financial services industry, this document outlines 23 Guiding Principles comprising one general principle, 14 Guiding Principles for the IIFS and 8 Guiding Principles for supervisory authorities.
would seek its council's approval in December to begin work next year on amending the regulations-says secretary-general.
is the body mandated to develop international prudential standards for the Islamic financial services industry.
Summary: 7th IFSB
Annual Summit in Bahrain Gathers Momentum as
is in fact in charge of providing development standards and supporting the Islamic financial services industry, he concluded.