Riyadh, December 27, 2023, Ayman Al-Sayari, the Governor of the Saudi Central Bank (SAMA) and Chairman of the Islamic Financial Services Board (IFSB), is set to preside over the 43rd Council meeting of the Board in Jeddah on December 29, 2023. Esteemed members of the IFSB will convene to discuss recent developments in the Islamic Finance Industry and explore the role of the Islamic finance sector in supporting sustainable economic growth and financial inclusion.
Dr. Bello Lawal Danbatta, the Secretary-General of the IFSB, expressed anticipation for positive outcomes from the meeting, emphasizing its significant contribution to enhancing governance and results within the IFSB. He extended appreciation to Ayman Al-Sayari for his admirable stewardship as the Chairman of the Council and to SAMA for their dedicated support, which has led to successful collaborations.
The IFSB, as an international standard-setting body, plays a crucial role in promoting the soundness and stability of the Islamic financial services industry by issuing global prudential standards and guiding principles. SAMA's participation in the IFSB as a founding member reflects Saudi Arabia's commitment to contributing to the development and governance of the Islamic finance sector on the global stage.
