The IFSB admits four new observer members

The IFSB admits four new observer members

Khartoum, April 6, 2010 – The Council of the Islamic Financial Services Board (IFSB) admits four new organisations into its membership as Observer Members in its 16th Meeting, held in Khartoum this morning.
The meeting of the IFSB Council was chaired by H.E. Dr. Sabir Mohamed Hassan, Governor of the Central Bank of Sudan.
The newly admitted observer members are:

Regulatory and supervisory authority:

•  National Bank of Tajikistan, Tajikistan 
  

Financial institutions and professional firms:

• Prudential Hong Kong Limited, Hong Kong
• Munich Retakaful, Malaysia
• OCBC Al-Amin, Malaysia
  The members of the IFSB comprise regulators and supervisors of the banking, capital markets and Islamic insurancie (Takaful) sectors, as well as international inter-governmental organisations, and market players (financial institutions, professional firms and industry associations).
  The full list of the IFSB members can be seen on www.ifsb.org. Their roles and responsibilities (by category) are detailed in the IFSB Articles of Agreement which is downloadable from the IFSB website.