Islamic Financial Services Board

The   Islamic Financial Services Board (IFSB) was officially inaugurated on  3 November, 2002.
Its establishment was the culmination of an extensive two-year consultative process initiated by a group of governors and senior officials of central banks and monetary authorities of various countries, together with the support of the Islamic Development Bank (IDB), the International Monetary Fund (IMF) and The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).