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
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | News Archive
Most Viewed Companies
Ticker Price Volume
SABIC 83.83 2,118,124
QNBK 161.6 110,486
STC 54.89 1,262,071
BATELCO 0.3 6,241
NBK 570 11,851,363
MARK 35 280,144
RJHI 53.49 3,808,988
Recent News

Banking stocks steal limelight on Muscat stock market
Despite low volume, gains in banking stocks drove the MSM 30 Index to 5,592.88 points, up 0.17 per cent. However, the MSM Shariah Index ended at 857.58 points, down 0.15 per cent.

Bank Soh

Omani bourse needs market makers to develop bond market: CMA chief
Oman’s bourse needs market-makers to develop an active secondary market for debt instruments, said a top-level official at the Capital Market Authority (CMA). The market makers, who are prevalent in

Al Khaliji reports QR425mn profit for first nine months
Khaliji, a new generation lender, has reported a net profit of QR425mn in the first nine months of this year. “Given the decline in energy prices and the challenging global market conditions, the r

Ahli Bank posts 9-month net profit of QR503.5mn
Ahli Bank has posted a net profit of QR503.5mn for nine months up to September, thus “maintaining its underlying performance” as against the corresponding period of 2015. The bank’s balance sheet gr

Mega projects drive insurance growth in Qatar’
Mege projects and this is why, as an international company, we are interested in Qatar,” country head Salim Mansour told Gulf Times on the sidelines of the opening of AXA’s new shop at The Pearl. The

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


Looking ahead, what change you are more likely to make in investing in your domestic stock market?