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IFSB admits 8 new members

Posted on 01 December 2009

From Menafn.com: The Council of the Islamic Financial Services Board (IFSB), which is chaired by Muhammed Al-Jasser, governor of the Saudi Arabian Monetary Agency (SAMA), admitted eight new members to the organization at its 15th meeting held last week in Kuala Lumpur, Malaysia.

The two most significant new members are Banque centrale du Luxembourg, the central bank, and the Central Bank of Turkey both as associate members. This makes Banque centrale du Luxembourg the first central bank in the European Union to become a member of the IFSB, whose mandate is to set prudential and regulatory standards for the global Islamic financial sector…………………………….Full Article: Source

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