Working Groups

Risk Management for Islamic Insurance

Mr. Ahmad Usman Kollere

National Insurance Commission (NAICOM), Nigeria
Chairman

MembersOrganisation
Mr. Yusuf AlMerbati Central Bank of Bahrain
Mr. Adrian Siregar Otoritas Jasa Keuangan
Mr. Muhamad AnugrahOtoritas Jasa Keuangan
Mr. Haitham Riyadh Al-obaidiCentral Bank of Iraq
Ms. Hawraa Al-SalehInsurance Regulatory Unit, Kuwait
Ms. Nour Yousef AlShayjiInsurance Regulatory Unit, Kuwait
Ms. Nor Zaini Mohd ZainBank Negara Malaysia
Mr. Zubairu Sulaiman DarazoNational Insurance Commission (NAICOM)
Mr. Tariq NaseemSecurities and Exchange Commission of Pakistan
Mr. Mohammad Jaffar IqbalQatar Financial Centre Regulatory Authority
Mr. Mohammed Abdulla AlemadiQatar Central Bank
Ms. Emine Nur Öztürk AlkanInsurance and Private Pension Regulation and Supervision Agency of Türkiye (IPRSA)

Consultants

Dr. Jules Gribble 

Project Managers

Mr. Erfanul Alam Siddiquee 

Working Groups

Revised Guiding Principles for Effective Supervision of Sharīʿah Governance

Mr. Abdulaziz Saoud Almualla

Central Bank of the United Arab Emirates
Chairman

MembersOrganisation
Aboubcar Kante Islamic Development Bank
Mr. Abdul Rahman QanitDa Afghanistan Bank
Khawla Ebrahim Central Bank of Bahrain
Md. Rabiul Karim Bangladesh Bank
Helmy Iqbal Otoritas Jasa Keuangan (OJK)
Dr. Ali Sakti Bank Indonesia
Hussein Ridha Mahdi Central Bank of Iraq
Dr. Abdulrahman Al Qassar Central Bank of Kuwait
Waleed AlOwaiyesh Capital Markets Authority - Kuwait
Ali H. Charif Banque Du Liban
Mohd Hairz Daud Securities Commission Malaysia
Mohamad Hud bin Saleh Huddin Malaysia Deposit Insurance Corporation
Diyana Izzati Ridza Saifuddin Bank Negara Malaysia
Loubna Kouar Bank Al-Maghrib
Musa Abdullahi Central Bank of Nigeria
Zubairu Sulaiman Darazo National Insurance Commission (NAICOM)
Sulaiman Al Harthy Central Bank of Oman
Tariq Naseem Securities and Exchange Commission of Pakistan
Atty. Arifa A. Ala Bangko Sentral ng Pilipinas
Ahmed Bin Mohammed Asery Saudi Central Bank
Azizov AyyomuddinNational Bank of Tajikistan
Sara Eliufoo ShooBank of Tanzania
Emine Nur Öztürk AlkanInsurance and Private Pension Regulation and Supervision Agency of Turkey (IPRSA), Turkey
Mustafa EkenCapital Markets Board of Türkiye (SPK)
Dr. Saad BakkaliCentral Bank of the United Arab Emirates

Consultants

Dr. Bashir Aliyu Umar

Project Managers

Mr. Erfanul Alam Siddiquee 

Working Groups

Revised Governance of Islamic Collective Investment Schemes

Ms. Sharifatul Hanizah Said Ali

Securities Commission Malaysia
Chairman

MembersOrganisation

Working Groups

Revised Guiding Principles on Corporate Governance for Institutions offering Islamic Financial Services [Banking Segment]

Mr. Ömer Çekin

Banking Regulation and Supervision Agency, Turkey
Chairman

Dr. Ali Abusalah Elmabrok

Central Bank of Libya
Chairman

Mr. Hisham Al-Mannai

Qatar Central Bank
Deputy Chairman

MembersOrganisation
Mr. Mohammad Khalid JawahirIslamic Development Bank
Mrs. Amina Adel Al MaskatiCentral Bank of Bahrain
Mr. Mohammad Shahriar SiddiquiBangladesh Bank
Ms. Yulia Qidzura YussinBrunei Darussalam Central Bank
Ms. Aulia Fitria YustiardhiBank Indonesia
Mr. Muhammad Taqwa AudiansyahOtoritas Jasa Keuangan
Mr. GamagintaIndonesia Deposit Insurance Corporation
Mr. Hussein Ridha Al-AnssariCentral Bank of Iraq
Mr. Fawzi Mustafa AlsousCentral Bank of Jordan
Mr. Faisal Allafi AlshammariCentral Bank of Kuwait
Mr. Ali CharifBanqu du Liban
Mr. Chandradeo Sharma RutahBank of Mauritius
Mr. Isah Ya'uCentral Bank of Nigeria
Dr. Salisu Balago GarbaNigeria Deposit Insurance Corporation
Mr. Faisal Al RaisiCentral Bank of Oman
Ms. Nighat TanveerState Bank of Pakistan
Ms. Atty Normina M. DatudaculaBangko Central ng Philippines
Mr. John Pyne
(until 31 Dec 2022)
Qatar Financial Centre Regulatory Authority
Mr. Nurein Said Mohammed
(from 10 July 2023)
Qatar Financial Centre Regulatory Authority
Mr. Abdullah Saleh AbaalkhailSaudi Central Bank
Ms. Yaye Aminata Seck MbowCentral Bank of West African States (BCEAO)
Mr. Hosamaldin Omer Ibrahim BabikerCentral Bank of Sudan
Mr. Erhan AkkayaCentral Bank of Republic of Turkey
Ms. Layla Ghuloum Al Blooshi
(until June 2022)
Central Bank of United Arab Emirates
Mr. Waleed Saeed Al AwadhiDubai Financial Services Authority

Consultants

Professor Dato’ Dr. Mohd Azmi Omar, Malaysia

Project Managers

Ms. Cindhi Cintokowati (until 15 Nov 2022)

Dr. Mhd Osama Alchaar

Working Groups

Conduct of Business Supervision in Takaful Undertakings

Dr. Waziri Mohammed Galadima

Nigeria Deposit Insurance Corporation
Chairman

Mr. Muhammad Kashif Siddiqee

Capital Market Authority, Oman
Deputy Chairman

MembersOrganisation
Mr. Ali AbdulqaderCentral Bank of Bahrain
Ms. Yap Xuan PeiBrunei Darussalam Central Bank
Mr. Mohammad AminOtoritas Jasa Keuangan
Mr. Haitham Riyadh JasimCentral Bank of Iraq
Mr. Rafat Yousef HammadCentral Bank of Jordan
Mr. Laith Nawaf Al Masri
(until 13 Feb 2022)
Central Bank of Jordan
Ms. Fatma Mohammad Hendawi
(from 14 Feb 2022)
Central Bank of Jordan
Mr. Boolaky Mohammad SaoudFinancial Services Commission, Mauritius
Ms. Zaahira EbramjeeFinancial Services Commission, Mauritius
Dr. Usman Jankara JimadaNational Insurance Commission, Nigeria
Ms. Aisha Rashid Mohammed Al-ShibliCapital Market Authority, Oman
Mr. Mohammed Abdulla AlemadiQatar Central Bank
Mr. Mohammad Jaffar IqbalQatar Financial Centre Regulatory Authority
Mr. Sary AldobyanSaudi Central Bank
Mr. Tauhidur RahmanIslamic Corporation for the Insurance of Investment and Export Credit (ICIEC), Saudi
Dr. Mohamed Abd Elaziz AlsafiNational Insurance Regulatory Authority, Sudan
Mr. Mehmet Fatih Bozkurt
(until 5 December 2022)
Insurance And Private Pension Regulation And Supervision Authority (IPRSA), Turkey
Ms. Emine Nur Öztürk Alkan
(from 5 May 2023)
Insurance And Private Pension Regulation And Supervision Authority (IPRSA), Turkey

Consultants

Professor Dr. Volker Nienhaus, Germany

Project Manager

Mr. Erfanul Alam Siddiquee

Working Groups

Revised Solvency Requirements for Takaful/Retakaful Undertakings

Mrs. Madelena Mohamed

Bank Negara Malaysia
Chairman

Hjh. Rafezah binti Hj. Abd Rahman

Brunei Darussalam Central Bank
Deputy Chairman

Mr. Muhammad Shukri bin Haji Ahmad

Brunei Darussalam Central Bank
Deputy Chairman

MembersOrganisation
Mr. Muhammad Umair HusainIslamic Development Bank
Ms. Elham Ebrahim Ali TalebCentral Bank of Bahrain
Ms. Mona Haliza Haji ZakariahBrunei Darussalam Central Bank
Ms. Doaa Shaker Mahmood
(from 3 December 2020)
Central Bank of Iraq
Ms. Nurul Iman AzwanBank Negara Malaysia
Mr. Amadi CyprianNational Insurance Commission, Nigeria
Ms. Fatima AbdulrahimNational Insurance Commission, Nigeria
Ms. Ghadeer AlmotairySaudi Central Bank
Mr. Abdulrahman N. AlohaliSaudi Central Bank
Mr. Tauhidur RahmanIslamic Corporation for the Insurance of Investment and Export Credit

Consultants

Mr. James Smith, United Kingdom

Project Managers

Dr. Ahmad AlRazni AlShammari (until 21 Jan 2021)

Dr. Dauda Adeyinka Asafa

Working Groups

Core Principles for Islamic Finance Regulation (Financial Market Infrastructures)

Mr. Abdulrahman Alhussayen

Capital Market Authority, Saudi Arabia
Chairman

Mr. Ömer Çekin

Banking Regulation and Supervision Agency, Turkey
Deputy Chairman

MembersOrganisation
Mr. Yahya Aleem ur RehmanIslamic Development Bank
Mr. Ali Mohamed AliCentral Bank of Bahrain
Dr. Seyed Milad HossainiSecurities and Exchange Organization of Iran
Mr. Justus AgotiCapital Market Authority, Kenya
Mr. Mohd Lukman MahmudSecurities Commission, Malaysia
Dr. Rizwan MalikAccounting and Auditing Organization for Islamic Financial Institutions (AAOIFI)**
Mr. Menelik MillerCayman Islands Monetary Authority**
Mr. Tahar E. ChaouchInternational Islamic Liquidity Management Corporation**
Mr. Ismail DadabhoyInternational Islamic Financial Market**

Consultants

Mr. Peter Casey, United Kingdom

Project Managers

Mr. Mohamad Farook Naveer Mohideen (until 31 March 2021)

Ms. Aminath Amany Ahmed

Working Groups

Core Principles for Islamic Finance Regulation (Takāful Segment)

Prof. Dr. Mahmood Dagher

Central Bank of Iraq
Chairman

Dr. Ammar Hamad Khalaf

Central Bank of Iraq
Chairman

Dr. Waziri Mohammed Galadima

Chairman

Mr. Lotfi Zairi

Islamic Development Bank
Deputy Chairman

MembersOrganisation
Mr. Arup ChatterjeeAsian Development Bank
Ms. Farzana Badat
(until 23 February 2022)
International Association of Insurance Supervisors (IAIS)
Dr. Grzegorz Komarnicki
(from 24 February 2022)
International Association of Insurance Supervisors (IAIS)
Ms. Aida Binti TuahBrunei Darussalam Central Bank
Ms. Zurairatul Majdina Binti DSS Hj RashidBrunei Darussalam Central Bank
Mr. Hamza Abed Yosef Atuan
(from 8 January 2021)
Central Bank of Iraq
Dr. Mutasem JaloudiMinistry of Industry, Trade and Supplies, Jordan
Ms. Yeldesbay Kuralay TursynbekkyzyAstana Financial Services Authority
Ms. Nurul Izza IdrisBank Negara Malaysia
Ms. Nabilah YahyaMalaysia Deposit Insurance Corporation
Mr. Mohamed Awad Alshihri
(until 15 December 2019)
Saudi Central Bank
Mr. Abdulmalik Algholiqah
(until 23 February 2022)
Saudi Central Bank
Mr. Abdulaziz AlRugaibah
(from 24 February 2022)
Saudi Central Bank
Mr. Mohammed Abdulla M AlemadiQatar Central Bank
Mr. Hüseyin ÜnalMinistry of Treasury and Finance Turkey

Consultants

Mr. James Smith, United Kingdom

Project Managers

Ms. Mardhiah Muhsin (until 30 June 2021)

Mr. Reza Mustafa

Working Groups

Investor Protection in Islamic Capital Markets

Datuk Zainal Izlan Zainal Abidin

Securities Commission of Malaysia
Chairman

Mr. Noraizat Shik Ahmad

Securities Commission of Malaysia
Chairman

Mrs. Ilic Basak Sahin

Capital Markets Board of Turkey
Deputy Chairman

MembersOrganisation
Dr. Mohamed Ali ChattiIslamic Development Bank
Mr. Ripert Eudes BossoukpeConseil Régional de l'Epargne Publique et des Marchés Financiers (CREPMF)
Mrs. Maz Khairunnisa MohidinAutoriti Monetari Brunei Darussalam
Mr. Amin Badie SanayeSecurities and Exchange Organisation, Iran
Dr. Mohammad Sadegh ShabaniSecurities and Exchange Organisation, Iran
Ms. Aizhan KuanyshAstana Financial Services Authority
Mr. Justus Nyameyio AgotiCapital Markets Authority, Kenya
Mr. Khaled ShamsaldeenCapital Markets Authority, Kuwait
Mrs. Zureena MohamedSecurities Commission of Malaysia
Ms. Tan Ai ChiaBursa Malaysia
Ms. Maha Al-Fozan
(until 5 February 2020)
Capital Market Authority, Saudi Arabia
Ms. Fatimah Al-Arifi
(from 6 February 2020)
Capital Market Authority, Saudi Arabia
Mr. Erman CeteCapital Markets Board of Turkey
Mr. Bilal RasulSecurities and Exchange Commission of Pakistan

Consultants

Mr. Peter Casey, United Kingdom

Project Manager

Ms. Aminath Amany Ahmed

Working Groups

Disclosure to Promote Transparency and Market Discipline for Takāful / Retakāful Undertakings

Hjh. Rafezah binti Hj. Abd Rahman

Autoriti Monetari Brunei Darussalam
Chairman

Mrs. Madelena Mohamed

Autoriti Monetari Brunei Darussalam
Deputy Chairman

MembersOrganisation
Mr. Muhammad Umair HusainIslamic Development Bank
Ms. Aida Binti TuahAutoriti Monetari Brunei Darussalam
Ms. Zurairatul Majdina Binti DSS Hj RajidAutoriti Monetari Brunei Darussalam
Ms. Antick Rani HandayaniBank Indonesia
Ms. Yeldesbay Kuralay TursynbekkyzyAstana Financial Services Authority
Mr. Mohd Amirul Mukminin MansorBank Negara Malaysia
Mr. Anas Alamoud
(until 3 November 2019)
Saudi Central Bank
Mr. Ali Almisnid
(from 4 November 2019)
Saudi Central Bank

Consultants

Mr. Peter Casey, United Kingdom

Project Manager

Dr. Ahmad AlRazni AlShammari

Working Groups

Revised Capital Adequacy Standard for Islamic Banking Sector

Mr. Khalid Omar Al-Kharji

Central Bank of the United Arab Emirates
Chairman

Mr. Ghulam Muhammad Abbasi

State Bank of Pakistan
Deputy Chairman

MembersOrganisation
Mr. Abdullah HaronInternational Monetary Fund
Mr. Yahya Aleem ur RehmanIslamic Development Bank
Mr. Noel ReynoldsBank for International Settlements
Ms. Mariam Abul-Qassim JowharyCentral Bank of Bahrain
Mr. Abd Rahim Bin ShukriBrunei Darussalam Central Bank
Mr. Malcolm Liew Shauw KongBrunei Darussalam Central Bank
Ms. Yasmine SolimanCentral Bank of Egypt
Mrs. Tri Puji LestariBank Indonesia
Ms. Nyimas RohmahIndonesia Financial Services Authority
Mr. Dheyaa Salim BedaCentral Bank of Iraq
Mr. Fawzi Mustafa Abdallah AlsousCentral Bank of Jordan
Ms. Alfiya SalikhovaAstana Financial Services Authority
Ms. Mariam AbdulsalamCentral Bank of Kuwait
Mr. Faizal JaafarBank Negara Malaysia
Mr. Hicham Chmanti HouariBank Al-Maghrib
Mr. Maishanu Bashirudeen MohammedCentral Bank of Nigeria
Mr. Suhail Issa Al ZadjaliCentral Bank of Oman
Dr. Azam AliState Bank of Pakistan
Ms. Rhodora M. Brazil-De VeraBangko Sentral ng Pilipinas
Mr. Salem Al- KuwariQatar Central Bank
Mr. Abdulaziz AlhisanSaudi Central Bank
Mr. Muhammed İslami ÖnalCentral Bank of the Republic of Turkey
Ms. Suhaila Al FalasiCentral Bank of the United Arab Emirates

Consultants

Mr. Prasanna Seshachellam, Canada

Project Managers

Mr. Sani Tazara Muhammad (until 2 Jan 2021)

Mr. Tarig Mohamed Taha Abdelgadir

Working Groups

Core Principles for Effective Islamic Deposit Insurance Systems

Dr. Ronald Rulindo

Indonesia Deposit Insurance Corporation
Chairman

Mrs. Shireen Al Sayed

Central Bank of Bahrain
Deputy Chairman

MembersOrganisation
Dr. Houssem Eddine BedouiIslamic Development Bank
Mrs. Hjh. Shahdina binti DP Hj. OmarBrunei Darussalam Deposit Protection Corporation
Mr. Tan Chi ChongBrunei Darussalam Deposit Protection Corporation
Mr. Stephan StraussBaFin
Ms. Yasmine SolimanCentral Bank of Egypt
Mr. Ansyori AbdullahIndonesia Financial Services Authority
Mr. Ali Sattar JabbarCentral Bank of Iraq
Mr. Tahseen MoslehJordan Deposit Insurance Fund
Ms. Madina TukulovaAstana Financial Services Authority
Mr. Kuanyshbek AbzhanovKazakhstan Deposit Insurance Corporation
Mr. Ricahard Otieno Kwach Jr.Kenya Deposit Insurance Corporation
Ms. Dalya Al SalemCentral Bank of Kuwait
Ms. Noussayma El TabchBanque du Liban
Dr. Hamim Syahrum Ahmad MokhtarBank Negara Malaysia
Mr. Mohd Sobri MansorMalaysia Deposit Insurance Corporation
Dr. Mohammed Zougari LaghrariBank Al-Maghrib
Mr. Mohamed MahraouiMorocco Deposit Insurance Corporation
Mr. Hussaini Yakubu MohammedNigeria Deposit Insurance Corporation
Dr. Salisu HamisuNigeria Deposit Insurance Corporation
Mrs. Raja Salim Al HadhramiCentral Bank of Oman
Mr. Muhammad Islam AhmedState Bank of Pakistan
Ms. Atty. Winnie Claire L. JamonerBangko Sentral ng Pilipinas
Ms. Sara AlthenyanSaudi Central Bank
Mr. Rashid S. MrutuDeposit Insurance Board of Tanzania

Project Managers

Mr. Syed Faiq Najeeb (until 31 July 2019)

Mr. Jhordy Kashoogie Nazar (from 1 August 2019)

Working Groups

Revised Standard on Disclosures to Promote Transparency and Market Discipline for Institutions Offering Islamic Financial Services (Banking Segment) Working Group

Mr. Tarek El-Sayed Fayed

Central Bank of Egypt
Chairman

Mr. Khalid Omar Al-Kharji

Central Bank of the United Arab Emirates
Chairman

Mr. Khalid Omar Al-Kharji

Central Bank of the United Arab Emirates
Deputy Chairman

Mrs. Sumaia Amer Osman Ibrahim

Central Bank of Sudan
Deputy Chairman

MembersOrganisation
Dr. Hylmun IzharIslamic Development Bank
Mrs. Noor Al SaadCentral Bank of Bahrain
Ms. SyamsiahOtoritas Jasa Keuangan, Indonesia
Mr. Mahdi AbdollahiCentral Bank of the Islamic Republic of Iran
Mrs. Baktygul BeishenalievaThe National Bank of the Kyrgyz Republic
Mr. Urmatbek RazzakovThe National Bank of the Kyrgyz Republic
Dr. Hamim Syahrum Ahmad MokhtarBank Negara Malaysia
Mr. Muhammad Hamisu MusaCentral Bank of Nigeria
Ms. Nighat TanveerState Bank of Pakistan
Atty. Noel P. TianelaBangko Sentral ng Pilipinas
Mrs. Mashair Mohammed Ibrahim SabirCentral Bank of Sudan
Mr. Mehmet BuyukkaraCentral Bank of the Republic of Turkey
Mr. Shahab Essa Al ZaabiCentral Bank of the United Arab Emirates

Consultants

Prof. Dr. Volker Nienhaus, Germany

Mr. Prasanna Seshachellam, THEJAS Consulting LLC, Dubai, UAE

Project Managers

Mr. Ateeq Ali (until 8 June 2017)

Mr. Tarig Mohamed Taha Abdelgadir

Working Groups

Core Principles for Islamic Finance Regulation (Islamic Capital Market Segment) Working Group

Mr. Zainal Izlan Zainal Abidin

Securities Commission of Malaysia
Chairman

MembersOrganisation
Mr. Abdullah HaronInternational Monetary Fund
Mr. Mohd Aidil YusrieIslamic Development Bank
Ms. Nida Fatima RazaIslamic Corporation Development
Mr. AK Mohd Mas Nazirul Hasheer PG Haji MasuniAutoriti Monetari Brunei Darussalam
Mr. Khairul Anuar AhmadAutoriti Monetari Brunei Darussalam
Mrs. Zakeya IbrahimCentral Bank of Egypt
Dr. Rifki IsmalBank Indonesia
Dr. Jaafar JamaliSecurities Exchange Authority, the Islamic Republic of Iran
Mr. Behzad LameiCentral Bank of the Islamic Republic of Iran
Mr. Mubarak Al- RifaieCapital Market Authority, Kuwait - CMA
Ms. Zureena MohamedSecurities Commission of Malaysia
Mr. Jamaluddin Nor MohamadBURSA Malaysia
Mr. Ng G-MingBURSA Malaysia
Mr. Chandradeo Sharma RutahBank of Mauritius
Mr. Bello HassanCentral Bank of Nigeria
Mr. Napoleon David OkosuCentral Bank of Nigeria
Mr. Abdulkadir AbbasSecurities & Exchange Commission, Nigeria
Mrs. Huda AlMamariCapital Market Authority, Oman
Mr. Amadou Tidiane BoussoMinistry of Economy and Finances, Senegal
Ms. Atty Arifa A. AlaBangko Sentral ng Pilipinas
Mr. Selami ErbasCapital Markets Board of Turkey
Mr. Bilal YazarogluCapital Markets Board of Turkey

Consultants

Mr. Peter Casey, United Kingdom

Mr. Richard Jack Britton, United Kingdom

Project Managers

Mr. Syed Faiq Najeeb

Ms. Aminath Amany Ahmed

Working Groups

Key Elements in the Supervisory Review Process of Takāful and Retakāful Undertakings Working Group

Mr. Mohd Zabidi Md Nor

Capital Markets Board of Turkey
Chairman

Dr. Talmiz Usman

National Insurance Commision, Nigeria
Deputy Chairman

MembersOrganisation
Dr. Osman BabikerIslamic Development Bank
Mr. Arup Kumar ChatterjeeAsian Development Bank, Philipines
Mr. Adil BabikerThe Islamic Corporation For The Insurance of Investment and Export Credit (ICIEC)
Ms. Mona Haliza ZakariaAutoriti Monetari Brunei Darussalam
Ms. Aqilah RahmanAutoriti Monetari Brunei Darussalam
Mrs. Rina Cakti YulianaIndonesia Financial Services Authority
Mr. Asep HikayatIndonesia Financial Services Authority
Mr. Nematollah Mollakarimi KhoozaniCentral Bank of the Islamic Republic of Iran
Mrs. Eman Ibrahim Al AshwakCentral Bank of Kuwait
Ms. Jun Izwani Abdul AzizPerbadanan Insurans Deposit Malaysia (PIDM)
Mr. Ibrahim Sani TukurCentral Bank of Nigeria
Mr. Hamed Al- SiyabiCapital Market Authority, Oman
Mrs. Nawal Abd Almahoud MohammedInsurance Supervisory Authority, Sudan
Mr. El Hadji Ousmane SYMinistry of Economy, Finances and Plan Senegal
Mr. Abdullah AlarifiSaudi Central Bank, Saudi Arabia
Mr. Yasin LacinbalaBanking Regulation and Supervision Agency (BRSA), Turkey
Mr. Maher Ismail AfanehInsurance Authority - UAE

Consultants

Mr. Peter Casey, United Kingdom

Mr. James A. Smith, Ernst & Young, United Kingdom

Project Managers

Mrs. Kartina Md. Ariffin (until July 24, 2017)

Dr. Ahmed Al-Razni Al-Shammari (from January 22, 2018)

Working Groups

Disclosure Requirements for Islamic Capital Market Products Working Group

Mr. Zainal Izlan Zainal Abidin

Securities Commission of Malaysia
Chairman

Mr. Eser Sagar

Capital Markets Board of Turkey
Deputy Chairman

MembersOrganisation
Dr. Muhammad Syahmi Mohd. KarimIslamic Development Bank
Mr. Md. Aminur Rahman ChowdhuryBangladesh Bank
Mr. AK Mohd Mas Nazirul Hasheer PG Haji MasuniAutoriti Monetari Brunei Darussalam
Mr. Khairul Anuar AhmadAutoriti Monetari Brunei Darussalam
Mr. Ashraf Bahie El-DinCentral Bank of Egypt
Mr. Jhordhy Kashoogie NazarBank Indonesia
Mr. Agus MaiyoIndonesia Financial Services Authority
Mr. Muhammad TouriqIndonesia Financial Services Authority
Mr. Muhamad Adi WijoyoIndonesia Financial Services Authority
Mr. Hossein MassoumiCentral Bank of the Islamic Republic of Iran
Dr. Bahador BijaniSecurities and Exchange Organisation of Iran
Mr. Mubarak Al RifaieCapital Market Authority, Kuwait
Mr. Yedil MedeuNational Bank of Kazakhstan
Mr. Firas HamdanBanque du Liban
Mr. Noraizat Shik AhmadSecurities Commission Malaysia
Mr. Adil Said Al-BreakiCapital Market Authority, Oman
Ms. Hafsa HajjoubiQatar Financial Markets Authority
Mr. Amadou Tidiane BoussoMinistry of Economy and Finances, Senegal
Dr. Elharam Ahmed Mohamed MukhtarCentral Bank of Sudan
Mr. Burai Osman Elsherif AbdeazizThe Insurance Supervisory Authority, Sudan
Mrs. Elharam Ahmed Mohamed MukhtarCentral Bank of Sudan
Mr. Selcuk DincsoyCapital Markets Board of Turkey
Mr. Erkan OzgucCapital Markets Board of Turkey
Mr. Basheer AhmadDubai Financial Services Authority, UAE
Dr. Obaid Saif Al ZaabiEmirates Securities and Commodities Authority

Consultants

Mr. Peter Casey, United Kingdom

Mr. Hooman Sabeti Rahmati, SDF Partners (Private) Limited, Singapore

Project Managers

Mr. Dong Choon Yi

Mrs. Dian Dannira Skymmar

Working Groups

IFSB & IAIS Joint Working Group on Microtakāful

Mr. Arup Kumar Chatterjee

Asian Development Bank
Chairman

Mr. Ehsan Diljore

Islamic Corporation for the Development of the Private Sector (ICD)
Deputy Chairman

MembersOrganisation
Mr. Jaseem AhmedIslamic Financial Services Board
Mr. Zahid ur Rehman KhokherIslamic Financial Services Board
Mr. Peter van den BroekeInternational Association of Insurance Supervisors (IAIS), Switzerland
Mr. Conor DonaldsonInternational Association of Insurance Supervisors (IAIS), Switzerland
Mr. Wasim Ahmed AbdulwahabIslamic Development Bank
Ms. Serap GonulalThe World Bank
Mr. Luc NoubissiConférence Interafricaine des Marchés d' Assurance (CIMA), Gabon
Dr. Ronald RulindoIndonesia Deposit Insurance Corporation
Mr. Makhzani Mustaffa NgBank Negara Malaysia
Mr. Azeddine BenaliDirection des Assurances et de la Prévoyance Socials (DAPS), Morocco
Mrs. Bello Medinat OluwatoyinNational Insurance Commission, Nigeria
Mr. Gokhan KarasuPrime Ministry Undersecretariat of Treasury, Turkey
Mr. Sabbir PatelInternational Cooperative and Mutual Insurance Faderation, United Kingdom

Consultants

Mr. Ehsan Zaheed, Amana Takaful Group, Sri Lanka

Project Manager

Mrs. Kartina Md. Ariffin

Working Groups

ReTakāful Undertakings

Dr. Bashir Umar Aliyu

Central Bank of Nigeria
Chairman

Mr. Bakarudin Ishak

Bank Negara Malaysia
Deputy Chairman

MembersOrganisation
Mr. Arup Kumar ChatterjeeAsian Development Bank
Dr. Osman Babiker AhmedIslamic Development Bank
Mr. Ehsan DiljoreIslamic Corporation for the Development of the Private Sector (ICD), Saudi Arabia
Ms. Serap GonulalThe World Bank
Prof. Datuk Dr. Syed Othman AlhabshiInternational Centre for Education in Islamic Finance (INCEIF), Malaysia
Prof. Dr. Ashraf Md HashimInternational Shari'ah Research Academy for Islamic Finance (ISRA), Malaysia
Mr. Fouad A. Wahid AbdullaCentral Bank of Bahrain
Mr. Tanoy Kumer SahaInsurance Development and Regulatory Authority (IDRA), Bangladesh
Ms. Rafezah RahmanAutoriti Monetari Brunei Darussalam
Ms. Aida TuahAutoriti Monetari Brunei Darussalam
Dr. Manfred J. DirrheimerFWU Group, Germany
Mr. Dawood TaylorPrudential Hong Kong Limited, Hong Kong
Mr. Majed Yousif Al-AliWethaq Takaful Insurance Company K.C.S.C., Kuwait
Dr. Muhaizam binti IsmailBank Negara Malaysia
Mr. Sazali Mohamed SolaiMalaysia Deposit Insurance Corporation (PIDM)
Mrs. Noorizam bt Md. NooruddinEtiqa Takaful Berhad, Malaysia
Ms. Anita MenonPrudential BSN, Malaysia
Mr. Wan Saifulrizal Wan IsmailTowers Watson, Malaysia
Mr. Ahmad Usman KollereNational Insurance Comission, Nigeria
Mr. Ahmad Yousef Ahmad AL-AbdullaQatar Central Bank
Mr. Abdulmohsen AL HammadSaudi Central Bank
Mr. Mohammad Musa IdrisThe Insurance Supervisory Authority, Sudan
Mr. Salah El Din MusaShiekan Insurance and Reinsurance Co. Ltd, Sudan
Mr. Gokhan KarasuSecreteriat of Treasury General Directorate of Insurance, Turkey
Mr. Ajmal BhattyTokio Marine Middle East Limited, U.A.E.
Mrs. Mariam Ali Al-SulimaniInsurance Authority, U.A.E.

Consultants

Mr. James A. Smith

Mr. Peter Casey

Project Manager

Mrs. Kartina Md. Ariffin

Working Groups

Core Principles for Islamic Finance Regulation Working Group

Mr. Bakarudin Ishak

Bank Negara Malaysia
Chairman

Mr Prasanna Seshachellam

Dubai Financial Services Authority
Deputy Chairman

MembersOrganisation
Mr. Ashraf MohammedAsian Development Bank
Dr. Karl CordewenerBasel Committee on Banking Supervision, BIS
Dr. Mohamed Afzal NoratInternational Monetary Fund
Mr. Inwon SongInternational Monetary Fund
Dr. Abayomi A. AlawodeThe World Bank
Mr. Md. Nurul Amin
(until 6 October 2013)
Bangladesh Bank
Dr. Md Kabir Ahmed
(from 27 November 2013)
Bangladesh Bank
Mrs. Aysha AljalahmaCentral Bank of Bahrain
Ms. DK Faadzilah Hilalul Fatima Pg Dato Hj Abu BakarAutoriti Monetari Brunei Darussalam
Ms. Mariawati OmarAutoriti Monetari Brunei Darussalam
Mr. Ashraf Bahie El-DinCentral Bank of Egypt
Mr. Deden Firman HendarsyahBank Indonesia
Mrs. Mahnaz Bahrami
(until 12 November 2013)
Central Bank of the Islamic Republic of Iran
Mr. Hamidreza Ghaniabadi
(from 2 December 2013)
Central Bank of the Islamic Republic of Iran
Mr. Mubarak Al RefaeiCapital Markets Authority of Kuwait
Mr. Khairul Iswar IbrahimBank Negara Malaysia
Mr. Badlishah BashahSecurities Commission Malaysia
Mr. Muhammad Wada Muazu LereCentral Bank of Nigeria
Mr. Bello HassanCentral Bank of Nigeria
Dr. Talmiz UsmanNational Insurance Commission, Nigeria
Mr. Zulfikar Ali KhokharState Bank of Pakistan
Mr. Eyad NassarPalestine Monetary Authority
Dr. Ali Al AmariQatar Financial Centre Regulatory Authority
Dr. Salman Syed AliIslamic Development Bank
Mr. Yasser AlghofilySaudi Central Bank
Ms. Mashair Mohamed Ibrahim SabirCentral Bank of Sudan
Mr. Mustafa AyazBanking Regulation and Supervision Agency, Turkey
Mr. Mehmet OnayCentral Bank of the Republic Turkey
Mr. Onder DoganCapital Markets Board of Turkey
Mr. Burak DoganCentral Bank of Turkish Republic of Northern Cyprus
Dr. Obaid Saif Al ZaabiSecurities and Commodities Authority, UAE
Mr. Simon GrayDubai Financial Services Authority, UAE
Ms. Gladys Chongo MposhaBank of Zambia

Consultants

Mr. Peter Casey

Professor Simon Archer

Project Managers

Mr. Jamshaid Anwar Chattha

Mr. Abozer Majzoub Mohammed Osman

Working Groups

Revised Standard on Supervisory Review Process Working Group

Mr. Tarek El-Sayed Fayed

Central Bank of Egypt
Chairman

Mr. Bakarudin Ishak

Bank Negara Malaysia
Deputy Chairman

MembersOrganisation
Dr. Dadang MuljawanIslamic Development Bank
Ms. Fatima Nasser Al Fadhel
(Until 28 August 2013)
Central Bank of Bahrain
Mr. Chowdury Md. Faroz Bin AlamBangladesh Bank
Mr. Mohamad Aidil Yusrie bin ShariAuthoriti Monetari Brunei Darussalam
Ms. Dewi AstutiBank Indonesia
Mr. Behzad Fakhar
(Until 23 July 2013)
Central Bank of the Islamic Republic of Iran
Dr. Ali SaeediSecurities and Exchange Organization, Iran
Mr. Mohamad Subhi AmairehCentral Bank of Jordan
Mr. Marzouq Ghazi AlotaibiCentral Bank of Kuwait
Mr. Mohamad Muhsin Mohd AnasBank Negara Malaysia
Mr. Mohd Radzuan Ahmad TajuddinSecurities Commission Malaysia
Mr. Mohamed MahraouiBank Al-Maghrib
Mr. Ibrahim Sani TukurCentral Bank of Nigeria
Mr. Duraid Hamza Al AsfoorCentral Bank of Oman
Mr. Mohammed ManasrahPalestine Monetary Authority
Mr. Ghulam ShabbirState Bank of Pakistan
Ms. Betty Christine C. BunyiBangko Sentral Ng Pilipinas
Ms. Noof Al-KaabiQatar Central Bank
Mr. Tofik Mohammed Al-JammazSaudi Central Bank
Mr. Thng Teck Soon
(until 26 August 2013)
Monetary Authority of Singapore
Mr. Hasan YassiorenliBanking Regulation and Supervision Agency, Turkey
Mr. Muhammed Islami OnalCentral Bank of the Republic of Turkey
Mr. Khalid Omar Al-KharjiCentral Bank of United Arab Emirates

Consultants

Mr. Peter Casey

Professor Simon Archer

Dr. Hennie van Greuning

Project Manager

Mr. Jamshaid Anwar Chattha

Working Groups

Revised Standard on Capital Adequacy and Sukūk Securitisation Working Group

H.E. Dr. Abdulrahman Al-Hamidy

Saudi Central Bank
Chairman

Mr. Saleem Ullah

State Bank of Pakistan
Deputy Chairman

MembersOrganisation
Mr. Zulfiqar Ali KhanDa Afghanistan Bank
Ms. Mariam Abul-Qassim JowharyCentral Bank of Bahrain
Mr. Wang ShijunThe People’s Bank of China
Ms. Laura Rulida Eka Sari P.Bank Indonesia
Mr. Aliakbar AbediniCentral Bank of Islamic Republic of Iran
Mr. Stefan GannonHong Kong Monetary Authority
Ms. Karen KempHong Kong Monetary Authority
Mr. Zaid Bader Al-RukhayyesCentral Bank of Kuwait
Ms. Joelle GemayelBanque Du Liban
Mr. Rustam Mohd IdrisBank Negara Malaysia
Mr. Noraizat Shik AhmadSecurities Commission, Malaysia
Mr. Ali Darwesh FarounPalestine Monetary Authority
Mr. Faisal Al-MannaiQatar Central Bank
Mr. Samy BenkermiQatar Financial Markets Authority
Mr. Jameel AhmadSaudi Central Bank
Mr. Zainol Bin MohamudIslamic Development Bank
Mr. Aliou NdiayeMinister of Economy and Finances, Senegal
Dr AbdelRahman Mahdi ZakariaCentral Bank of Sudan
Mr. Prasanna SeshachellamDubai Financial Services Authority, United Arab Emirates

Consultants

Professor Simon Archer, University of Reading, United Kingdom

Project Managers

Mr.Zahid Ur Rehman

Mr.Abozer Majzoub

Working Groups

Risk Management for Takāful Undertakings Working Group

Mr. Ahmad Hizzad Baharuddin

Bank Negara Malaysia
Chairman

Dr. Bashir Aliyu Umar

Central Bank of Nigerian
Deputy Chairman

MembersOrganisation
Mr. Sohaib ObaidiDa Afghanistan Bank
Mr. Fouad A. Wahid AbdullaCentral Bank of Bahrain
Ms. Lu YiThe People's Bank of China
Mr. Dawood TaylorPrudential Hong Kong Limited, Hong Kong
Mr. Murad Al Haj MahmoudInsurance Commission of Jordan
Mr. Ahmed M. SabbaghThe Islamic Insurance Co., Jordan
Mr. Abdullah Al-AnziMinistry of Commerce and Industry, Kuwait
Mr. Wan Saifulrizal Wan IsmailBank Negara Malaysia
Mr. Noraizat Shik AhmadSecurities Commission, Malaysia
Mr. Umar Farouk ShehuCentral Bank of Nigeria
Mr. Khalid S. AlthiebSaudi Central Bank
Mr. Shahbaz H. SyedThe Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)
Mr. El hadji Ousmane SYMinister of Economy and Finances, Senegal
Mrs. Mahasin SirageldinIslamic Insurance Co., Sudan
Mrs. Michelle KlitscherDubai Financial Services Authority, United Arab Emirates
Mr. Ajmal BhattyTokio Marine Middle East Limited, United Arab Emirates

Consultants

Mr. James Smith, Ernst & Young, Hong Kong

Professor Simon Archer, University of Reading, United Kingdom

Project Manager

Mrs. Kartina Md. Ariffin

Working Groups

IFSB-13 – Guiding Principles on Stress Testing for Institutions Offering Islamic Financial Services

Dr. Mohammad Yousef Al-Hashel

Central Bank of Kuwait
Chairman

Mr. Mohamed Ali Elsheikh Tiraifi

Central Bank of Sudan
Deputy Chairman

MembersOrganisation
Dr. Dadang MuljawanBank Indonesia
Mrs. Nargess AhmadiCentral Bank of the Islamic Republic of Iran
Ms. Noura Khalid Al-GhareebCentral Bank of Kuwait
Ms. Joelle GemayelBanque Du Liban
Mr. Mohamad Muhsin Mohd AnasBank Negara Malaysia
Mr. Kamaruddin HashimSecurities Commission Malaysia
Dr. Mohamad Akram LaldinInternational Shari`ah Research Academy for Islamic Finance, Malaysia
Mr. Haruna Bala MustafaCentral Bank of Nigeria
Mr. Abdul-Azeez BarauCentral Bank of Nigeria
Mr. Nizamuddin ArshadState Bank of Pakistan
Mrs. Fatma Abdulla Essa Al-MuftahQatar Central Bank
Mr. Ali Al SadiqSaudi Central Bank
Mr. Mansour Al-NajashiSaudi Central Bank
Dr. Salman Syed AliIslamic Development Bank
Ms. Mashair Ibrahim SabirCentral Bank of Sudan
Ms. Ghalia Abd Alrhman AlshmmaryCentral Bank of Syria
Mr. Mohammad Loai Ali ZarzarCentral Bank of Syria
Mr. Adel Al SayghCentral Bank of the United Arab Emirates
Mr. Prasanna SeshachellamDubai Financial Services Authority, United Arab Emirates

Consultants

Professor Simon Archer, University of Reading, United Kingdom

Project Manager

Mr.Jamshaid Anwar Chattha

Working Groups

IFSB-12 – Guiding Principles on Liquidity Risk Management for Institutions Offering Islamic Financial Services

Mr. Ahmad Hizzad Baharuddin

Bank Negara Malaysia
Chairman

Dr. Salman Syed Ali

Islamic Development Bank
Deputy Chairman

MembersOrganisation
Ms. Hana Ahmed Al-MurranCentral Bank of Bahrain
Mr. Irfan SukarnaBank Indonesia
Mr. Majid EskandariCentral Bank of the Islamic Republic of Iran
Mr. Abdulla Khalid Al-TerkaitCentral Bank of Kuwait
Ms. Joelle GemayelBanque Du Liban
Mr. Elie FlatterBanque centrale du Luxembourg
Ms. Nurhayati Mohd KhalidBank Negara Malaysia
Mr. Mohd Radzuan Ahmad TajuddinSecurities Commission, Malaysia
Dr. John Lee Hin HockMaybank Group, Malaysia
Mr. Muhammad Wada Muazu LereCentral Bank of Nigeria
Mr. Usman AbdulqadirCentral Bank of Nigeria
Mr. Adel Al KhaleifiSaudi Central Bank
Mr. Fahad AlhumaidahSaudi Central Bank
Ms. Nighat TanveerState Bank of Pakistan
Mrs. Asmaa Abdelrahman KhairiCentral Bank of Sudan
Ms. Manal Mohamad Moukhtar Al-TerekmaniCentral Bank of Syria
Ms. Lama Saeed SheikhoCentral Bank of Syria
Mr. Adel Al SayghCentral Bank of the United Arab Emirates
Mr. Prasanna SeshachellamDubai Financial Services Authority, United Arab Emirates

Consultants

Dr. Hennie Van Greuning, Firstrand Banking Group, South Africa

Professor Simon Archer, University of Surrey, United Kingdom

Project Manager

Mr. Zahid Ur Rehman

Working Groups

IFSB-11 – Standard on Solvency Requirements for Takâful (Islamic Insurance) Undertakings

Mr. Chia Der Jiun

Monetary Authority of Singapore
Chairman

Mr. Osman Hamad Mohamed Khair

Central Bank of Sudan
Deputy Chairman

MembersOrganisation
Mr. Muhammad AzamThe Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)
Mr. Fouad A. Wahid AbdullaCentral Bank of Bahrain, Bahrain
Ms Zarita BarkhuizenHannover Retakaful, Bahrain
Mr. Vasilis KatsipisA.M. Best Europe, Germany
Dr. Manfred DirrheimerFWU Group, Germany
Mr. James A. SmithErnst & Young, Hong Kong
Mr. Ir. Isa Rachmatarwata M. MathMinistry of Finance, Indonesia
Ms Yatty NurhayatiMinistry of Finance, Indonesia
Mr. Murad Al-Haj MahmoudInsurance Commission of Jordan
Mr. Alfadino Akbar Ali AkbarBank Negara Malaysia
Mr. Mohamed Hassan Md KamilSyarikat Takaful Malaysia Berhad, Malaysia
Mr. Adel Saleh AbalkhailSaudi Central Bank
Mr. Dawood TaylorPrudential Ltd, Saudi Arabia
Mr. Wan Siew WaiFitch Ratings Singapore Pte. Ltd., Singapore
Mr. Nazeem EbrahimOasis Group Holdings (Pty) Ltd., South Africa
Mr. Peter CaseyDubai Financial Services Authority, United Arab Emirates
Mr. Parvaiz SiddiqNoor Takaful, United Arab Emirates

Consultants

Mr. Martin Roberts, Beachcroft LLP, United Kingdom                     

Professor Simon Archer, University of Surrey, United Kingdom

Project Managers

Professor Simon Archer, University of Surrey, United Kingdom

Mrs. Kartina Md Ariffin (from 1 October 2010)

Working Groups

IFSB-10 – Guiding Principles on Sharî'ah Governance Systems for Institutions Offering Islamic Financial Services

Dr. Abdulrahman A. Al-Hamidy

Saudi Central Bank
Chairman

Mr. Osman Hamad Mohamed Khair

Central Bank of Sudan
Deputy Chairman

MembersOrganisation
Mr. Ak Shahrulazmi Pg Dr. Hj IsmailBrunei Ministry of Finance
Mr. Ali SaktiBank Indonesia
Mr. Cecep Maskanul HakimBank Indonesia
Mr. Faisal Adnan Al-RoudanCentral Bank of Kuwait
Mr. Rustam Mohd IdrisBank Negara Malaysia
Dr. Md Nurdin NgadimonSecurities Commission, Malaysia
Mr. Syed Azhan Syed Mohd BakhorSecurities Commission, Malaysia
Mr. Abdul Ghani EndutCIMB Islamic Bank Berhad, Malaysia
Mr. Mahmood ShafqatState Bank of Pakistan
Mr. Abdullah Ahmed AliQatar Central Bank
Mr. Tariq JavedSaudi Central Bank
Mr. Mohammad Abdullah Al-SaabCapital Market Authority, Saudi Arabia
Dr. Mousa Adam EisaThe National Commercial Bank, Saudi Arabia
Mr. Nazeem EbrahimOasis Crescent Capital (Pty) Ltd., South Africa
Mr. Abdalla Elhassan Mohamed ElBasheerCentral Bank of Sudan
Mr. Simon GrayDubai Financial Services Authority, United Arab Emirates

Consultants

Professor Rodney Wilson, Qatar Foundation, Qatar

Professor Simon Archer, University of Surrey, United Kingdom

Project Manager

Mr. Madzlan Mohamad Hussain

Working Groups

IFSB-9 – Guiding Principles on Conduct of Business for Institutions Offering Islamic Financial Services

Dr. Mulya Effendi Siregar

Bank Indonesia
Chairman

Mr. Pervez Said

State Bank of Pakistan
Deputy Chairman

MembersOrganisation
Mrs. Ebtisam Al ArrayedCentral Bank of Bahrain
Mr. Hamad Abdullah EqabAlbaraka Banking Group, Bahrain
Ms. Elham HassanPricewaterhouseCoopers, Bahrain
Hajjah Rafezah Hj. Abd. RahmanMinistry of Finance, Brunei
Ms. Jenny Yan WuThe People’s Bank of China
Mr. Cecep Maskanul HakimBank Indonesia
Mr. Ali SaktiBank Indonesia
Mr. Abdul Aziz Abdullah Al-TurkiCentral Bank of Kuwait
Mrs. Salbiah AmranBank Negara Malaysia
Dr. Nurdin NgadimonSecurities Commission, Malaysia
Mrs. Shareena Mohd SheriffSecurities Commission, Malaysia
Mr. James Chong Wai ChoyKuwait Finance House (Malaysia) Berhad
Mr. Ali Ahmed FarounPalestine Monetary Authority
Mr. Naseer Jassim Al-ThaniQatar Central Bank
Mr. Mohammad Al-RobaiaSaudi Central Bank
Mr. Mohammad Abdullah Al-SaabCapital Market Authority, Saudi Arabia
Mr. Najem Abdullah Al-ZaidCapital Market Authority, Saudi Arabia
Mr. Mohammad Abdelrahman ElhassanCentral Bank of Sudan
Mr. Simon GrayDubai Financial Services Authority, United Arab Emirates

Consultants

Mr. Mark St. Giles,Cadogan Financial Ltd, United Kingdom

Professor Simon Archer, University of Surrey, United Kingdom

Project Manager

Mr. Idjamizuan Ibrahim

Working Groups

IFSB-8 – Guiding Principles on Governance for Takâful (Islamic Insurance) Undertakings

Mr. Bakarudin Ishak

Bank Negara Malaysia
Chairman

Mr. Mu’jib Turki Al Turki

Qatar Central Bank
Deputy Chairman

MembersOrganisation
Mr. Muhammad AzamThe Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)
Mr. Abdulrahman Khalil TolefatCentral Bank of Bahrain
Mr. Dawood TaylorPrudential Ltd, Hong Kong
Ms Rand Ali Sami GharndokeInsurance Commission of Jordan
Mr. Wan Mohd. Nazri Wan OsmanBank Negara Malaysia
Mr. Saiful Bahri SaroniTakaful Ikhlas Sdn. Bhd., Malaysia
Mr. Shankar GarigiparthyQatar Financial Centre Regulatory Authority
Mr. Husam Abdulaziz AlkannasSaudi Central Bank
Ms Amna Ali MohammedInsurance Supervisory Authority, Sudan
Mr. Peter CaseyDubai Financial Services Authority, United Arab Emirates
Dr. Mustafa Rajab MustafaAl Dhafra Insurance Company P.S.C., United Arab Emirates

Consultants

Professor Volker Nienhaus, University of Marburg, Germany

Professor Simon Archer, University of Surrey, United Kingdom

Project Manager

Mr. Azli Munani

Working Groups

IFSB-7 – Capital Adequacy Requirements for Sukûk Securitisation and Real Estate Investment

Mr. Khalid Hamad Abdulrahman Hamad

Central Bank of Bahrain
Chairman

Mr. Chia Der Jiun

Monetary Authority of Singapore
Deputy Chairman

MembersOrganisation
Mr. Abdulrahman Abdulla Al Sayed Abdulrahim MoosaCentral Bank of Bahrain
Mr. Karl F. Cordewener YussofBank for International Settlements
Pengiran Haji Ismail Pengiran Haji YussofMinistry of Finance, Brunei
Mr. Ahmad Soekro TratmonoBank Indonesia
Mr. Ahmad Fahad Al ManayesCentral Bank of Kuwait
Mr. Muhammad Said Abdul Wahab El-SakaKuwait Finance House, Kuwait
Dr. Hamim Syahrum Ahmad MokhtarBank Negara Malaysia
Mr. Alaa Eldin Mohamed Aly El GhazalyQatar Central Bank
Mr. Khalid Abdullrahman AbahussainSaudi Central Bank
Mr. Mansour Al-NajashiSaudi Central Bank
Mr. Elhadi Salih Mohamed SalihCentral Bank of Sudan
Mr. Peter CaseyDubai Financial Services Authority, United Arab Emirates

Consultants

Professor Simon Archer, University of Surrey, United Kingdom

Project Manager

Mr. Abdullah Haron

Working Groups

IFSB-6 – Guiding Principles on Governance for Islamic Collective Investment Schemes

Mr. Saeed Abdulla Al Hamiz

Central Bank of the United Arab Emirates
Chairman

Mr. Chia Der Jiun

Monetary Authority of Singapore
Deputy Chairman

MembersOrganisation
Mrs. Manal AshoorCentral Bank of Bahrain
Pengiran Haji Ismail Pengiran Haji YussofMinistry of Finance, Brunei
Mr. Edi SetijawanBank Indonesia
Mr. Ahmed Fayed Al-GebaliBoubyan Bank, Kuwait
Dr. Hamim Syahrum Ahmad MokhtarBank Negara Malaysia
Mr. Wan Rizaidy Wan Mamat SaufiSecurities Commission, Malaysia
Mr. Alaa Eldin Mohamed Aly El GhazalyQatar Central Bank
Mr. Tofik Al JammazSaudi Central Bank
Mrs. Shadia Awad Ahmed ZaidCentral Bank of Sudan
Mr. Khaled Al KharjiCentral Bank of the United Arab Emirates
Mr. Sultan Al ZaabiCentral Bank of the United Arab Emirates
Mr. Peter CaseyDubai Financial Services Authority, United Arab Emirates

Consultants

Professor Barry A.K. Rider, Jesus College, United Kingdom
Professor Simon Archer, University of Surrey, United Kingdom

Project Manager

Mr. Madzlan Mohamad Hussain

Working Groups

IFSB-5 – Guidance on Key Elements in The Supervisory Review Process of Institutions Offering Only Islamic Financial Services (Excluding Islamic Insurance(Takaful) Institutions and Islamic Mutual Funds)

Mr. Mansur-ur-Rehman Khan

State Bank of Pakistan
Chairman

Mr. Osman Hamad Mohamed Khair

Central Bank of Sudan
Deputy Chairman

MembersOrganisation
Mr. Agus Fajri ZamBank Indonesia
Mr. Abdullah M. Al-KandariCentral Bank of Kuwait
Mr. Chung Chee LeongBank Negara Malaysia
Mr. Irfan IsmailState Bank of Pakistan
Mrs. Arifa A. AlaBangko Sentral ng Pilipinas
Mr. Alaa Eldin Mohamed Aly El GhazalyQatar Central Bank
Mr. Ahmed A. Al-SheikhSaudi Central Bank
Mr. Saud Suliman Al-ObaidSaudi Central Bank
Mrs. Malkit G. SinghMonetary Authority of Singapore
Mr. Seddig Osman Ali IsmailCentral Bank of Sudan
Mr. Khalid Al KharjiCentral Bank of the United Arab Emirates
Mr. Sultan Al ZaabiCentral Bank of the United Arab Emirates
Ms. Hari BhambraDubai Financial Services Authority, United Arab Emirates
Mr. Robert LiuThe World Bank

Project Manager

Mr. Abdullah Haron

Working Groups

IFSB-4 – Disclosures to Promote Transparency and Market Discipline for Institutions Offering Only Islamic Financial Services (Excluding Islamic Insurance(Takaful) Institutions and Islamic Mutual Funds)

Dr. Mulya E. Siregar

Bank Indonesia
Chairman

Mr. Hamid Tehranfar

Central Bank of the Islamic Republic of Iran
Deputy Chairman

MembersOrganisation
Mr. Dhani Gunawan IdatBank Indonesia
Dr. Sami Al-SuwailemIRTI, Islamic Development Bank
Mr. Tamim K. JomahCentral Bank of Kuwait
Mr. Mohd. Khairuddin ArshadBank Negara Malaysia
Mr. Faizal JaffarBank Negara Malaysia
Mr. Anwar Ahmed MeenaiHabib Bank Limited, Pakistan
Mrs Conchita D. AunarioBangko Sentral ng Pilipinas
Mr. Khalid LenqawiQatar Central Bank
Mr. Murtada Khidir M. AbuzaidQatar Islamic Bank, Qatar
Mr. Hassan K. AlfaoriSaudi Central Bank
Mr. Saud Suliman Al-ObaidSaudi Central Bank
Mr. Hassan Osman Ali IbrahimCentral Bank of Sudan
Mr. Khalid Al KharjiCentral Bank of the United Arab Emirates
Mr. Sultan Al-ZaabiCentral Bank of the United Arab Emirates
Ms Harpreet BhambraDubai Financial Services Authority, United Arab Emirates
Mr. Wafik GraisThe World Bank

Consultants

Dr. V. Sundararajan, Centennial Group Holdings, United States of America

Associate Professor Dr. Syed Musa Al-Habshi, University Tun Abdul Razak, Malaysia

Professor Simon Archer, University of Surrey, United Kingdom

Working Groups

IFSB-3 – Guiding Principles on Corporate Governance for Institutions Offering Only Islamic Financial Services (Excluding Islamic Insurance(Takaful) Institutions and Islamic Mutual Funds)

Dr. Abdulrahman A. Al-Hamidy

Saudi Central Bank
Chairman

Mr. Ibrahim Adam Habib

Central Bank of Sudan
Deputy Chairman

MembersOrganisation
Mr. Abdulrahman Abdulla Al-Sayed Abdulrahim MoossaCentral Bank of Bahrain
Madam Rafahia El-Sayed Hussein Roushdy MoustafaCentral Bank of Egypt
Mr. Nasirwan IlyasBank Indonesia
Dr. M. Fahim KhanIslamic Development Bank
Mr. Musa A. ShihadehJordan Islamic Bank for Finance & Investment
Mr. Basel Ahmad Al-HaroonCentral Bank of Kuwait
Mr. Ahmad F. Al-GebaliBoubyan Bank, Kuwait
Dr. Nayla Comair ObeidObeid Law Firm, Lebanon
Madam Zaiton Mohd HassanCapital Intelligence Advisors Sdn Bhd, Malaysia
Dato’ Nordin BaharuddinErnst & Young, Malaysia
Mr. Pervez SaidState Bank of Pakistan
Mr. Hisham Salleh Al-MannaiQatar Central Bank
Mr. Abduleah M. Al-ObaidSaudi Central Bank
Mr. Abdel Alim Elamin Mohammed AliCentral Bank of Sudan
Mr. Toby FiennesFinancial Services Authority, United Kingdom
Mr. Wafik GraisThe World Bank

Consultants

Mr. Hamid Yunis, Taylor Wessing, United Kingdom

Professor Simon Archer, University of Surrey, United Kingdom

Project Manager

Mr. Madzlan Mohamad Hussain

Working Groups

IFSB-2 – Capital Adequacy Standard for Institutions (Other than Insurance Institutions) Offering Only Islamic Financial Services

Dato’ Mohd Razif Abdul Kadir

Bank Negara Malaysia
Chairman

Dr. Abdulrahman A. Al-Hamidy

Saudi Central Bank
Deputy Chairman

Dr. Mulya E. Siregar

Bank Indonesia
Deputy Chairman

MembersOrganisation
Dr. Dadang MuljawanBank Indonesia
Dr. Habib AhmedIslamic Development Bank
Dr. Maher HassanCentral Bank of Jordan
Mr. Faisal Abdullah Al-LafiCentral Bank of Kuwait
Mr. Mohammad Faiz Mohammad AzmiPricewaterhouse Coopers, Malaysia
Mr. Faheem AhmadJCR-VIS Credit Rating Company Limited,Pakistan
Mr. Alaa Eldin M. A. El GhazalyQatar Central Bank
Mr. Tariq JavedSaudi Central Bank
Mr. Elhadi Salih Mohd. El SalihCentral Bank of Sudan
Mr. Toby FiennesFinancial Services Authority, United Kingdom

Consultants

Professor Simon Archer, University of Surrey, United Kingdom

Working Groups

IFSB-1 – Guiding Principles of Risk Management for Institutions (Other than Insurance Institutions) Offering Only Islamic Financial Services

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Mr. Anwar Khalifa Ebrahim Al Sadah

Central Bank of Bahrain
Chairman

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Mr. Mansur-ur-Rehman Khan

State Bank of Pakistan
Deputy Chairman

MembersOrganisation
Mr. Yousif Abdulla Taqi Kuwait Finance House, Bahrain
Mrs. Elham HassanPricewaterhouseCoopers, Bahrain
Dr. Tariqullah Khan Islamic Development Bank
Dr. Ibrahim Karasneh
(until 1 June 2004)
Central Bank of Jordan
Mr. Saif Mohammad Al-Bathali Central Bank of Kuwait
Ms. Rana Sanyoura Ernst & Young, Lebanon
Dr. John Lee Hin Hock KPMG Consulting Sdn Bhd
Mr. Alaa Eldin M. A. El Ghazaly Qatar Central Bank
Mr. Ahmed Al-Sheikh Saudi Central Bank
Mr. Suliman Abdullah Al-Saeed Saudi Central Bank
Mr. Jameel Ahmad State Bank of Pakistan
Mr. Musaad Mohamed Ahmed Abdel Karim Sudanese French Bank, Sudan
Mr. Toby Fiennes Financial Services Authority, United Kingdom

Consultants

Mr. Anthony Travis, Pricewaterhouse Coopers, Switzerland 

Professor Simon Archer, University of Surrey, United Kingdom

Project Manager

Mr. Abdullah Haron