Qatar regulatory authority joins Islamic Financial Services Board

The Qatar Financial Centre (QFC) regulatory authority today announced that it has joined the Islamic Financial Services Board (IFSB), the international standard-setting body for regulatory and supervisory agencies that have a vested interest in ensuring the soundness and stability of the Islamic financial services industry.

The chairman and chief executive officer of the authority, Phillip Thorpe, said, “We are delighted that the IFSB has granted the regulatory authority membership. The IFSB has played a very large part in the continued development of the Islamic finance industry, through development of standards and its many other initiatives, and we now look forward to playing a role in that continuing development.”

Noting that the regulatory authority is also a member of the Accounting and Auditing Organisation