The General Assembly also appointed H.E. Dr. Sabir Mohamed Hassan, Governor of the Central Bank of Sudan as Deputy Chairman of the General Assembly for the same period.
Hamad Al Sayari will be the 7th Chairman of the IFSB General Assembly, and will replace the current chairperson, Dr. Shamshad Akhtar, Governor of the State Bank of Pakistan whose term ends 31st December 2008.
The Chairmanship of the IFSB is on an annual rotational basis from among the Full members who are also Council members, as specified in the IFSB Articles of Agreement.
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IFSB General Assembly appoints Chairman and Deputy Chairman for 2009
- Saudi Arabia: Sunday, March 30 - 2008 at 10:23
- PRESS RELEASE
In its' 6th meeting held at the Islamic Development Bank's headquarters in Jeddah, the General Assembly of the Islamic Financial Services Board resolved to appoint H.E. Hamad Al Sayari, Governor of the Saudi Arabian Monetary Agency as the next Chairman of the IFSB General Assembly for a one year term effective 1st January 2009.
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About the IFSB:The IFSB is an international standard-setting organisation that promotes and enhances the soundness and stability of the Islamic financial services industry by issuing global prudential standards and guiding principles for the industry, broadly defined to include banking, capital markets and insurance sectors.
Posted by Eman HassanSunday, March 30 - 2008 at 10:23 UAE local time (GMT+4)
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