BANKING - EVENTS - IFSB Summit Luxembourg - World Bank declares Islamic finance a priority area

" The presence of Sri Muliani Indrawati, managing director of the World Bank Group, underlined the importance the global multilateral development bank views the Islamic finance industry."

The Islamic Financial Services Board (IFSB), the prudential and supervisory standard-setting organization for the global Islamic financial industry, embarked on a new phase of its development which may lead to a review of its mandate to facilitate a wider reach including those countries and organizations that are not currently members of the board. (full story)

EU - Prospects of Islamic Finance by Yves Mersch

The speech "Prospects of Islamic Finance: The View of a Central Bank in Europe" has been presented today by Governor Yves Mersch at the Islamic Finance Conference, Frankfurt, Germany.

Yves Mersch, Governor of the Banque centrale du Luxembourg, Member of the Governing Council of the European Central Bank.

(Photo: Julien Becker/archive)