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New Director General at IIIE: Dr. Asad Zaman, an prominent economist, has taken charge as Director General of International Institute of Islamic Economics. Profile of Dr. Asad Zaman Islamic Financial Services Board (IFSB): The Islamic Financial Services Board (IFSB) has been established in Kuala Lumpur, Malaysia in response to the growing significance of the Islamic financial services industry. The setting up of the IFSB is the culmination of an extensive two-year consultative process initiated by a group of governors and senior officials of the central banks and monetary authorities of several Islamic countries, together with the Islamic Development Bank (IDB) and the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), and with the support of the International Monetary Fund (IMF).
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