AUTORITI Monetari Brunei Darussalam (AMBD) recently hosted the 44th Meeting of the Technical Committee of the Islamic Financial Services Board (IFSB) at The Rizqun International Hotel.
The meeting was chaired by Khalid Omar Al-Kharji from the Central Bank of the United Arab Emirates. It was attended by Dr Bello Lawal Danbatta, Secretary-General of the IFSB, and representatives from the IFSB members of regulatory and supervisory authorities from around the globe.
The meeting focussed on strategies to promote the development of a prudent and transparent Islamic financial services industry, by introducing new, or adapting existing, international standards, consistent with Syariah principles. This is in line with IFSB’s mandate in ensuring the soundness and stability of the Islamic financial services industry.
AMBD is a full and council member of the IFSB. As of December 2017, the 185 members of the IFSB comprised 75 regulatory and supervisory authorities, eight international inter-governmental organisations, and 102 market players including financial institutions, professional firms, industry associations and stock exchanges, operating in 57 jurisdictions.
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