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6.5.09

IFSB Membership - What's Your Excuse?

A myriad of industry practitioners are heading down to Singapore this week for the 6th IFSB Summit, the gathering is by no coincidence staged in Asia and it's theme is very telling as it aims to explore the "Future of Islamic Financial Services." While there is no doubt that a lot will be achieved, there are real concerns that the various industry bodies are not representative of the global industry nor reflective of what industry practitioners are clamoring for.

An industry magazine recently touted the "top 500 Islamic financial institutions" whereas the IFSB currently has 185 members. We strongly hope these figures can be revised upwards and we would invite everyone in the industry to get involved - one way of doing so being through IFSB membership (either as Full, Associate or Observer membership). An effective way to enact positive change is through involvement and engagement. In addition, the IFSB has a variety of useful published standards that are available freely on their website that are worth highlighting.
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