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Iran heads the Islamic Financial Services Board
Date: 12/15/2016 11:36
Information / Baghdad ..
Iran's central bank chairs the Council of Islamic services for the year 2017 in a move that may help in the harmonization of practices in the banking system in the country with their counterparts across Asia and the Middle East.
The Islamic Financial Services Board late Wednesday that he was appointed Governor of the Central Bank of Iran Waliullah Seif Chairman of the Board as of January and a large preferred Governor of the Central Bank of Bangladesh, Vice-President of the Council.
The Islamic Financial Services Board a major entities Bearing the standards of Islamic finance and exporting guiding principles in areas including corporate governance and capital adequacy and liquidity risk management.
Since 1983 the entire Iranian banking system follows the principles of Islamic Sharia. The banking system comprises 34 Islamic banks with assets totaling 14.451 trillion rials ($ 448 billion) as of March.
This is equivalent to about one-third of the total Islamic banking assets globally, but Iran's version of Islamic finance may vary with applicable in other countries, predominantly Muslim. Finished / 25
http://almaalomah.info/2016/12/15/economic/113427
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