Dubai, 21st December 2010 – Professor Datuk Rifaat Ahmed Abdel Karim, Secretary-General of the Islamic Financial Services Board (IFSB) is the recipient of the Islamic Business & Finance Award 2010 for Outstanding Contribution to the Industry.
On 14th December 2010, the IFSB announced that Professor Abdel Karim will end his term as the Secretary-General of the IFSB on 30th April 2011. He will be succeeded by Mr. Jaseem Ahmed.
Professor Abdel Karim has been steering the IFSB from its inception in 2003. During his eight-year in office, the membership of the IFSB has grown from nine founding members in 2003 to 195 members as at December 2010. The IFSB has also issued 14 standards and guiding principles for the Islamic financial services industry, with the last three recently approved for issuance by the IFSB Council on 14th December 2010.
Earlier this year, Professor Abdel Karim received the Royal Malaysian Honorary Award of Darjah Kebesaran Panglima Jasa Negara (P.J.N.) which carries the title ‘Datuk’, the Prize of the Islamic Development Bank in Islamic Banking and Finance 1431H (2010), the 2010 London Sukuk Summit Islamic Finance Award, and the World Islamic Banking Conference 2010 Industry Leadership Award for Outstanding Contribution to Islamic Banking.
