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MIFC Epicentre December 2014 / Rabiul Awal 1436H
Islamic finance is gearing up to more sustainable growth trajectory amid more sophisticated regulatory framework and innovative products. The global Islamic finance industry has seen some key developments in 2014, as the industry achieved several milestones and continues to move towards greater sustainability and providing a wider range of financial services.
The Islamic Financial Services Board (IFSB) Admits Five Organisations into Its Membership
The Council of the Islamic Financial Services Board (IFSB) has resolved to approve the applications of five financial institutions as Observer Members of the IFSB. The 25th Meeting of the IFSB Council was chaired by H.E. Yusof Abd Rahman, Managing Director, Autoriti Monetari Brunei Darussalam and attended by 15 governors and governors’ representatives from among the members of the Council, the President of the Islamic Development Bank and senior representatives of seven Full Members of the IFSB.
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