The IFSB Admits five organisations into its membership
11 December 2019, Dhaka, Bangladesh – The Council of the Islamic Financial Services Board (IFSB) has today resolved to approve the admission of five organisations into the IFSB membership. These include one international inter-governmental organisation and four market players as Observer Members.
The newly admitted members are:
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United Nations Development Programme - UNDP
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Dubai Islamic Economy Development Centre – DIEDC, United Arab Emirates
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Jaiz Bank Plc, Nigeria
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PT Bank BNI Syariah, Indonesia
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Sarmad Insurance, Iran
The membership of the IFSB is divided into three categories, namely Full Member, Associate Member and Observer Member. The Full Membership, which is the sole membership with voting rights, is available to the financial sector supervisory authorities of each sovereign country.
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Press Release