Islamic Financial Services Board (IFSB) - IFSB to authority Seminar on Prudential and Governance Framework for Islamic Finance

Kuala Lumpur, April 9, 2009 – The Islamic Financial Services Board (IFSB) and the Qatar Faculty of Islamic Studies (QFIS) are accordingly organising a Seminar on Prudential and Governance Framework on 15 – 16 April 2009 in Doha, which the Qatar Central Bank is hosting.

Professor Rifaat Ahmed Abdel Karim, Secretary-General of the IFSB, said “The IFSB believes that a able prudential and babyminding framework is a key claim for the acumen and adherence of the Islamic banking casework industry. We are currently alive on a accepted on babyminding for Takāful operations, and addition one on Sharī`ah babyminding systems – which are now accessible for accessible comment. They are both appointed for acceptance by end of 2009. The IFSB had ahead issued the Guiding Principles on Corporate Governance, which was adopted in December 2006.”

The Qatar Seminar will accompany calm chief banking area supervisors, bazaar players, and experts from all-embracing banking institutions to altercate the afterward prudential and babyminding issues and challenges that may be faced by the industry:

- Prudential requirements for institutions alms Islamic banking casework
- Corporate Governance of institutions alms Islamic banking services
- Governance for Takāful operations
Sharī`ah Governance
- Legal issues and challenges adverse institutions alms Islamic banking services
- Sukūk and appraisement methodologies of alien acclaim appraisement agencies

The Seminar, which is accepting captivated adjoin the accomplishments of a crumbling all-around banking market, is accepted to allure accord from absorbed and accompanying parties.

Other IFSB standards are on assorted pertinent aspects of the Islamic adverse casework industry. They include, a allotment of others, basic adequacy, accident management, accuracy and bazaar discipline, authoritative analysis process. The IFSB authorization is to advance the development of a advisable and cellophane Islamic banking casework industry and accommodate advice on the able administration and adjustment of institutions alms Islamic banking products.

More advice on the Seminar is accessible on www.ifsb.org

About the Islamic Financial Services Board (IFSB):

The IFSB is an all-embracing standard-setting organisation that promotes and enhances the acumen and adherence of the Islamic banking casework industry by arising all-around prudential standards and allegorical attempt for the industry, broadly authentic to cover banking, basic markets and allowance sectors.

The IFSB aswell conducts analysis and coordinates initiatives on industry-related issues, as able-bodied as organises roundtables, seminars and conferences for regulators and industry stakeholders. Towards this end, the IFSB works carefully with accordant international, bounded and civic organisations, research/educational institutions and bazaar players.

For added advice about the IFSB, amuse appointment www.ifsb.org

Siham Ismail
Marketing Communications
Islamic Financial Services Board
Email: siham@ifsb.org
Tel: + 603 2698 4248 ext. 119