What is the Islamic Financial Services Board (isfb)?

The ISFB is the international standard-setting body of regulatory and supervisory agencies responsible for the oversight of the Islamic financial services industry.

What does IFSB stand for?

The IFSB is a large organization body based in Malaysia with 188 members globally, which includes financial institutions, stock exchanges, and industry associations. The Islamic Financial Services Board (IFSB) is based in Kuala Lumpur, Malaysia, and began operations in early 2003.

How many members does the IFSB have?

As of June 2022, the IFSB has 188 members, which consists of 81 regulatory and supervisory authorities, 10 international inter-governmental organizations, and 97 market players that consist of financial institutions, professional firms, industry associations, and stock exchanges.

What does the IFSB Council do?

The council, which acts as the policy-making body of the IFSB and includes the senior executive of each full member of the organization The executive committee that advises the council on operational and administrative matters The technical committee, which advises the council on issues and consists of up to 30 persons appointed by the council