Malaysia-based Islamic Financial Services Board said it has appointed Nigeria’s Bello Lawal Danbatta as the Secretary General of the body.
IFSB is responsible for setting up and enforcing standards in Islamic finance.
Danbatta takes over from Jaseem Ahmed, who retired last year after six years at the helm of the IFSB, which has more than 180 members, including 75 regulatory and supervisory authorities.
Danbatta is a board member of the Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI), and was previously a director of the International Centre for Education in Islamic Finance (INCEIF).
Founded in 2002, the IFSB’s work is focused on prudential standards for Islamic finance institutions, the latest covering disclosure requirements for Islamic capital market products and governance for Islamic reinsurance firms.