IFSB and AMF renew MoU to support development of Islamic finance among member countries
5 April 2020, Kuala Lumpur – The Islamic Financial Services Board (IFSB) and the Arab Monetary Fund (AMF) sealed the continuation of collaboration between the two institutions with a new Memorandum of Understanding (MoU) for the period of three years. The continuation of collaboration signifies the commitment of both institutions in increasing awareness and promotion of the sound practices of Islamic finance based on its tremendous potential for the advancement of financial services industry.
The IFSB, represented by Dr. Bello Lawal Danbatta, Secretary-General and the Arab Monetary Fund, represented by H.E. Dr. Abdulrahman A. Al Hamidy, Director General/Chairman of the Board signed the MoU on 23 April 2020 to continue the cooperation and collaboration in promoting programmes and initiatives for the Islamic financial services industry, specifically in the Arab region.
Under this agreement, key areas of cooperation between the IFSB and the AMF include, among others:
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