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Malaysia IFSB names Bahrain c. bank gov as council chair

The Malaysia-based Islamic Financial Services Board (IFSB) named Bahrain's central bank governor, Rasheed al-Maraj, as chairman of the Islamic regulatory body's council for 2012, the IFSB said in a statement on Sunday.

November 20, 2011 11:29 by

Qatari central bank governor, Sheikh Abdullah Saud al-Thani, was named deputy chairman. Chairmanship of the IFSB Council is determined on an annual rotational business.

IFSB is one of two international standard-setting bodies for the nearly $1 trillion Islamic finance industry. (Reporting by Shaheen Pasha; Editing by Amran Abocar

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