Another two self-regulatory organisations, two professional firms and one financial institution have also been admitted as Observer Members.
The 21st meeting of the IFSB Council, hosted by H.E. Dr. Ahmad Mohamed Ali AlMadani, President of the Islamic Development Bank (IDB), was held on 12 December 2012 at the IDB Headquarter Offices in Jeddah, Kingdom of Saudi Arabia. It was chaired by the Governor of the Central Bank of Bahrain, H.E. Rasheed Al-Maraj, and attended by the President of IDB as well as ten governors and five governors’ representatives from among the IFSB Council members.
The 184 members of the IFSB comprise 55 supervisory and regulatory authorities from the banking, capital markets and Islamic insurance (Takaful) sectors in 41 jurisdictions, as well as eight international inter-governmental organisations, and 121 market players (financial institutions, professional firms and self-regulatory organisations).
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