Economy, Business And Markets


Central Bank of Iran has been appointed as the director of Islamic Financial Services Board (IFSB) in 2017, the CBI website reported on Saturday.
 In the 14th annual general assembly and 28th meeting of the IFSB, held on April 12 in Cairo, deputy CBI chief, Akbar Komijani, as vice president of IFSB evaluated the performance of the organization in the past year.
The proposed program and budget for 2017, the financial strategies and the program of the new director of the IFSB were also discussed during the meeting. Moreover, several conferences, regarding ‘the Development of Islamic Capital Market’, ‘Consumer Rights in Islamic Finance’ and ‘Financial Stability and Policymaking’, were held on the sidelines of the meeting.  The IFSB is a key international body in developing standards and regulations for Islamic financial markets. It was established in 2003 and currently has 180 members.

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