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
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | News Archive

JAN | FEB | MAR | APR | MAY | JUN | JUL
Most Viewed Companies
Ticker Price Volume
EMAAR 9.77 9,103,558
RIBL 19.1 5,134,816
SECO 17.42 13,590,547
SABIC 128.58 6,335,372
JULPHAR 3.14 8,712
SAPTCO 38.52 625,023
EEC 88.53 2,668,195
Recent News

Kingdom sees modest increase in oil supply
OPEC’s oil production rose in July from June, a Reuters survey found, as a fragile recovery in Libyan supply outweighed fighting in Iraq and reduced output from Angola.

Saudi Arabia raised s

du to enhance 4G service
In its efforts to enhance the user experience on its 4G LTE network, du - the Middle East’s fastest growing telecommunications service provider announced yet another milestone with the successful fie

QCB set to issue QR4bn T-Bills
The T-bills, to be issued on Tuesday, will include QR2bn worth for three month period and QR1bn each of six-month and nine-month maturity period, the Central Bank said on its website.

QCB

Saudis occupy 35 percent of hotel rooms in Dubai
Dubai is once again proving to be the choicest destination for Saudis this summer, with hotels in the city showing 35 percent occupancy by them during the Eid Al-Fitr holidays, Al-Riyadh daily report

Gateway Earth Station coming up in Oman
US-based global telecom services provider ORBCOMM says its Oman partner Mahd Telecom has been granted regulatory approval to roll out wireless machine-to-machine communications services targeted at,

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?