End of journey for Rifaat at the IFSB

Professor Rifaat Abdel Karim was appointed in November 2002 as the inaugural secretary general of the Kuala Lumpur-based Islamic Financial Services Board (IFSB), the multilateral prudential and supervisory standard setting organization for the global Islamic financial services industry.
He resigned last year, making place for a new secretary general.
In his statement about the company, he talked about the beginning of the company, about the fact that it took two years to resolve the location where the IFSB should be based and commented on the rumours that there was a political trade-off between Bahrain and Malaysia over the location of IFSB.

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