QCB governor to head global Islamic finance body


15/12/2012 07:43 AST  Gulf Times

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.

Economic and Business News
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | News Archive
Most Viewed Companies
Ticker Price Volume
SAGRINSURANCE 30.94 465,013
SABIC 107.31 7,313,488
ALMARAI 90.74 382,251
JULPHAR 3 69,332
RIBL 17.84 2,744,563
ACIG 38 1,071,778
STC 69.12 786,702
Recent News

Yuan gains credibility as reserve currency
France’s Credit Agricole Private Banking is advising its clients to add the Chinese yuan to their portfolios as the world’s second-largest economy looks to further liberalise its currency.

Arabtec’s new chairman could calm investor concerns
Arabtec is hoping to script a new — and upbeat — chapter by confirming the extremely well-connected Mohammad Thani Murshed Ghannam Al Rumaithi — who currently heads the Abu Dhabi Chamber of Commerce

China engages with Sharjah to boost trade
Having identified the UAE as an important partner, China is looking at engaging individual emirates to boost its economic and trade ties with the second-largest economy in the Arab world that has a G

Wall Street gives up initial gains as weak private job data weighs
US stocks turned negative on Wednesday, after opening slightly higher, as disappointing data, including weaker-than-expected private jobs numbers, fuelled concerns about the economy’s potential to re

Gold down as strong shares, US yields offset weaker dollar
Gold edged down on Wednesday, as the impact of stronger European shares and higher US real yields counteracted the effects of a weaker dollar and prospects that the Federal Reserve will not raise int

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?