MARKETS - IFSB lines up new Chairman and Secretary-General for 2011

The Islamic Financial Services Board (IFSB) has announced that the Central Bank Governor of Jordan, H.E. Faris Sharaf, will assume Chairmanship of the IFSB from January 2011, and Jaseem Ahmed will take over the role of Secretary-General from April 2011


In its 17^th meeting held in Jeddah, Kingdom of Saudi Arabia, the Council of the IFSB resolved to appoint H.E. Faris Sharaf, Governor of the Central Bank of Jordan, as the Chairman of the Council for the term 1^st January - 31^st December 2011. H.E. Rasheed M. Al Maraj, Governor of the Central Bank of Bahrain was appointed Deputy Chairman for the same period.

H.E. Faris Sharaf will be the 9^th Chairman of the IFSB Council, and will take over from the current Chairman, H.E. Dr. Sabir Mohamed Hassan, Governor of the Central Bank of Sudan whose terms ends on 31 December 2010. With this appointment, the next meeting of the Council of the IFSB will be held in March 2011 in Amman, Jordan.

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