Korea's Financial Services Commission and Financial Supervisory Service have become new members of the IFSB together with ten other organisations.
The IFSB members now total 175 organisations from 34 jurisdictions comprising 42 regulatory and supervisory authorities, six international inter-governmental organisations and 127 market players and professional firms.
Kuala Lumpur, September 10, 2008 - The Council of the Islamic Financial Services Board (IFSB) has resolved to admit Korea's regulatory and supervisory authorities as the latest inclusion to the membership of the IFSB. The admission of the two Korean authorities, together with10 other new members has increased the IFSB membership to 175.
The newly admitted members are as follows:
1. Financial Services Commission & Financial Supervisory Service, Korea
2. Khaleeji Commercial Bank B.S.C.(c), Bahrain
3. Mitsubishi UFJ Securities Co., Ltd., Japan
4. Kuwait International Bank, Kuwait
5. Unicorn International Islamic Bank, Malaysia
6. Sudanese French Bank, Sudan
7. Commercial Bank of Dubai, United Arab Emirates
8. Deutsche Bank AG, United Arab Emirates
9. Emirates Islamic Bank, United Arab Emirates
10. Tokio Marine Insurance Middle East, United Arab Emirates
11. Gatehouse Bank plc, United Kingdom
The new admissions reflect the continuing interest of the Islamic financial services industry in the work undertaken by the IFSB. The IFSB members now total 175 organisations from 34 jurisdictions comprising 42 regulatory and supervisory authorities, six international inter-governmental organisations and 127 market players and professional firms. The full list of the 175 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 website.
(Zawya)
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Alfalah Consulting - KL: www.alfalahconsulting.com
Islamic finance consultant: www.ahmad-sanusi-husain.com
Islamic Investment Malaysia: www.islamic-invest-malaysia.com
The newly admitted members are as follows:
1. Financial Services Commission & Financial Supervisory Service, Korea
2. Khaleeji Commercial Bank B.S.C.(c), Bahrain
3. Mitsubishi UFJ Securities Co., Ltd., Japan
4. Kuwait International Bank, Kuwait
5. Unicorn International Islamic Bank, Malaysia
6. Sudanese French Bank, Sudan
7. Commercial Bank of Dubai, United Arab Emirates
8. Deutsche Bank AG, United Arab Emirates
9. Emirates Islamic Bank, United Arab Emirates
10. Tokio Marine Insurance Middle East, United Arab Emirates
11. Gatehouse Bank plc, United Kingdom
The new admissions reflect the continuing interest of the Islamic financial services industry in the work undertaken by the IFSB. The IFSB members now total 175 organisations from 34 jurisdictions comprising 42 regulatory and supervisory authorities, six international inter-governmental organisations and 127 market players and professional firms. The full list of the 175 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 website.
(Zawya)
---
Alfalah Consulting - KL: www.alfalahconsulting.com
Islamic finance consultant: www.ahmad-sanusi-husain.com
Islamic Investment Malaysia: www.islamic-invest-malaysia.com
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