Kuala Lumpur, March 26, 2007 – The Council of the IFSB admitted 16 new members to the IFSB in its 10th meeting on Monday, 26 March 2007, bringing the total of IFSB members to 126. The meeting was chaired by Governor Bank Negara Malaysia, Dr. Zeti Akhtar Aziz, and was attended by all IFSB Council members, including 9 central bank governors, the President of the Islamic Development Bank and six representatives of governors of central banks and monetary authorities.
The two full members that were admitted to the IFSB are the Bank Central De Djibouti and the Central Bank of Syria. Four other regulatory and supervisory authorities have also been admitted as Associate members. They are Bursa Malaysia Berhad, Palestine Monetary Authority, The Insurance Supervisory Authority of Sudan and Securities and Exchange Commission of Pakistan. Labuan Offshore Financial Services Authority has been upgraded to Associate from Observer. Full and Associate membership is only available to regulatory and supervisory authorities and international inter-governmental organisations, among others.
The Council also admitted ten new observer members bringing the total number of observers to 91 organisations operating in 22 jurisdictions. With the inclusion of the new members, the 126 members of the IFSB now comprise 33 regulatory and supervisory authorities, 5 international inter-governmental organisations and 88 market players and professional firms.
The newly admitted members are:
Full Members:
Associate Members:
Observer Members:
The full list of 126 IFSB members can be seen on www.ifsb.org.
Their roles and responsibilities (by category) can be seen in the IFSB Articles of Agreement downloadable from the site.
