QCB governor to head global Islamic finance body


15/12/2012 07:43 AST

Qatar Central Bank Governor HE Sheikh Abdullah bin Saud al-Thani (pictured) has been appointed Chairman of the Islamic Financial Services Board (IFSB) for 2013.

The QCB governor will take over the helm of the international standard-setting organisation from Rasheed al-Maraj of the Central Bank of Bahrain.

Dato Mohd Rosli Sabtu, managing director of Autoriti Monetari Brunei Darussalam has been appointed as the deputy chairman of the IFSB.

The new appointments will take effect on January 1, 2013. The 2013 annual meetings of the IFSB will be held in Doha in April 2013.

Based in Kuala Lumpur, the IFSB serves as an international standard-setting body of regulatory and supervisory agencies that strive to ensure the soundness and stability of the Islamic financial services industry, which is defined broadly to include banking, capital market and insurance.

As of December 2012, the IFSB’s 184 members comprise 55 regulatory and supervisory authorities, eight international inter-governmental organisations and 121 market players, professional firms and industry associations operating in 41 jurisdictions.

Gulf Times
Economic and Business News
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | News Archive
Most Viewed Companies
Ticker Price Volume
SAGRINSURANCE 29.81 402,523
EEC 33.8
ALKHODARI 26.3 710,582
SABIC 92.8 7,166,289
STC 67.56 773,668
RIBL 15.78 803,173
TAWUNIYA 102.19 611,986
Recent News

ARAMCO TOTAL ANNOUNCES THE RESULTS OF THE SPECIAL MEETING
Arabian Aramco Total Services Company (the Company) announces the results of the Certificateholders Special Meeting, which was held at three oclock (3:00 pm) on Thursday, 14/10/1436H (corresponding t

HERFY ANNOUNCES OPENING 7 NEW STORES DURING THE MONTH OF JULY 2015
HERFY Food Services Co. has opened 7 new stores in various regions of the Kingdom during the month of July 2015, and with these new openings, the total number of new HERFY stores opened through the p

CMA ANNOUNCEMENT TO LIFT THE SUSPENSION OF TRADING SHARES OF MOBILY
In reference to CMA’s announcement dated 12/09/1436H corresponding to 29/06/2015 regarding continuing the suspension of trading the shares of Etihad Etisalat Co. (Mobily) in The Saudi Stock Exchange

Saudi telco Mobily swings to Q2 net loss
Aug 2 Saudi Arabia's Etihad Etisalat (Mobily), which last week slashed 27 months of profits following an accounting scandal, swung to a second-quarter net loss on Sunday that missed forecasts.

Copper drops on China worries, faces 9 pct July loss
LONDON: Copper and most other base metals extended their downtrends on Friday on persistent worries about demand in top consumer China, leaving copper facing its biggest monthly loss since January.

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Which of the following do you think is the best long-term investment?