Islamic Financial Services Board

Islamic Financial Services Board
AbbreviationIFSB
FormationNovember 3, 2002; 22 years ago (2002-11-03) in Malaysia.
TypeIndependent international not-for-profit organization
PurposeSets standards for regulatory and supervisory agencies of the Islamic financial services industry
HeadquartersKuala Lumpur, Malaysia
Location
  • Level 5, Sasana Kijang, Bank Negara Malaysia 2, Jalan Dato' Onn, Kuala Lumpur, 50480[1]
Region served
Worldwide
Membership
180
Official language
English, Arabic
Secretary-General
Dr. Bello Lawal Danbatta
Main organ
General Assembly
Staff
11-50[2]
Websitewww.ifsb.org

The Islamic Financial Services Board (IFSB) is an international standard-setting body of regulatory and supervisory agencies that aims to promote the soundness and stability of Islamic financial services. It studies and recommends standards consistent with Sharî'ah principles to financial institutions covering the areas of banking, capital market and insurance.[3][4][5][6]

The IFSB was originally established to serve banking sector regulators and central banks, extending its mandate to include supervisors and regulators of insurance and securities markets in 2004 and 2005 respectively.[citation needed]

  1. ^ "Company Overview of Islamic Financial Services Board". Bloomberg. Retrieved 3 August 2017.
  2. ^ "Islamic Financial Services Board Islamic Financial Services Board". Linked In. Retrieved 3 August 2017.
  3. ^ "Background". The Islamic Financial Services Board (IFSB). Archived from the original on 19 August 2015. Retrieved 2 August 2017.
  4. ^ "Islamic Financial Services Board - IFSB". Investopedia. Retrieved 2 August 2017.
  5. ^ "Islamic Financial Services Board (IFSB)". www.ifsb.org. Retrieved 2020-10-29.
  6. ^ "Islamic Financial Services Board (IFSB)". www.ifsb.org. Retrieved 2020-10-29.