The Islamic Financial Services Board is an international organisation that promotes and enhances the soundness and stability of the Islamic finance services industry by issuing global prudential standards. IFSB also conducts research and coordinates initiatives related to the industry. It organises roundtables, seminars and conferences for industry regulators and stakeholders. IFSB works closely together with national, regional and international organisations.
On 2 April 2015 in Jakarta, the Islamic Financial Services Board (IFSB) decided to approve the admission of Tamweel Africa Holding as an observer. The Board is an agency responsible for the development of internationally acceptable standards for Islamic Banks. Its work complements the work of the Basel Committee on Banking Supervision.
