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Islamic Financial Services Board

Index Islamic Financial Services Board

The Islamic Financial Services Board (IFSB) is an international body that sets standards and offers guidance for Islamic banking and finance regulatory and supervisory agencies. [1]

4 relations: IFSB, International Centre for Education in Islamic Finance, Islamic banking and finance, Shariah Board.

IFSB

IFSB can mean any of the following.

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International Centre for Education in Islamic Finance

INCEIF (International Centre for Education in Islamic Finance) was set up by Bank Negara Malaysia (Central Bank of Malaysia) in 2005 to develop human capital for the global Islamic finance industry.

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Islamic banking and finance

Islamic banking or Islamic finance (مصرفية إسلامية) or sharia-compliant finance is banking or financing activity that complies with sharia (Islamic law) and its practical application through the development of Islamic economics.

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Shariah Board

A Sharia Board (also Shariah Supervisory Board, Advisory Board or Religious Board) certifies Islamic financial products as being Sharia-compliant (i.e. in accordance with Islamic law).

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References

[1] https://en.wikipedia.org/wiki/Islamic_Financial_Services_Board

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