Bahrain: Make M’sian-based Islamic Financial Services Board rules and regulations mandatory

Khalid Hamad, executive director of the Bahrain Central Bank, said that the implementation of the Malaysian-based Islamic Financial Services Board (IFSB) should be mandatory. These rules and regulations would contribute to better growth of the industry. He further pointed out that the role of the IFSB is very similar to the one of the Basel committee in terms of issued guidelines and standards.

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