IIFM elects new chairman

Executive Director, Banking Supervision, Central Bank of Bahrain (CBB) Khalid Hamad has been elected as new Chairman of the International Islamic Financial Market (IIFM).Mubarak El Tayeb El Amin, Associate Director, Treasury, Islamic Development Bank was elected as Vice Chairman of the IIFM in the elections held at 17th meeting of the IIFM Board of Directors in Manama, Bahrain today.

The new Board will serve for a three-year term.

The meeting was also attended by Siti Chalimah Fadjrijah, Deputy Governor, Bank Indonesia and senior representatives of Bank Islam Malaysia, Kuwait Finance House-Bahrain, European Islamic Investment Bank (United Kingdom), State Bank of Pakistan, Bank Muamalat Indonesia, Brunei International Financial Centre, CIMB Islamic Bank (Malaysia), National Bank of Kuwait, Al Salam Bank (Bahrain), Calyon Corporate and Investment Bank (Bahrain) and Ijlal A. Alvi, Chief Executive Officer of IIFM.

Read the full story on Associated Press of Pakistan.