Islamic Financial Services Board

Islamic Financial Services Board
AbbreviationIFSB
FormationNovember 3, 2002 (2002-11-03) in Malaysia.
TypeIndependent international not-for-profit organization
PurposeSets standards for regulatory and supervisory agencies of the Islamic financial services industry
HeadquartersKuala Lumpur, Malaysia
Location
  • Level 5, Sasana Kijang, Bank Negara Malaysia 2, Jalan Dato' Onn, Kuala Lumpur, 50480
Region served
Worldwide
Membership180
Official language
English, Arabic
Secretary-General
Bello Lawal Danbatta
Main organ
General Assembly
Staff11-50
Websiteifsb.org

The Islamic Financial Services Board (IFSB) is an international standard-setting body of regulatory and supervisory agencies that aims to promote the soundness and stability of Islamic financial services. It studies and recommends standards consistent with Sharî'ah principles to financial institutions covering the areas of banking, capital market and insurance.

The IFSB was originally established to serve banking sector regulators and central banks, extending its mandate to include supervisors and regulators of insurance and securities markets in 2004 and 2005 respectively.

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