The IFSB Admits Five Organisations into Its Membership
The Council of the Islamic Financial Services Board (IFSB) has today resolved to approve the applications of five financial institutions as Observer Members of the IFSB. The newly admitted Observer Members are: Bank Muamalat Indonesia; Mellat Investment Bank (Iran); Qatar First Bank; Turkiye Finans Katilim Bankasi; Al Masraf - Arab Bank for Investment & Foreign Trade (United Arab Emirates). The 184 members of the IFSB comprise 59 supervisory and regulatory authorities from the banking, capital markets and Islamic insurance (Takaful) sectors in 44 jurisdictions, as well as eight international inter-governmental organisations, and 117 market players.
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