The Islamic Financial Services Board (IFSB) participated in the 7th Meeting of the OIC-COMCEC Central Banks Forum in Istanbul, where its Secretary-General, Dr. Ghiath Shabsigh, called for stronger cooperation and policy alignment across Organisation of Islamic Cooperation (OIC) member states to advance shared economic development goals. The forum brought together central bank governors and financial leaders to discuss the global economic outlook, trade fragmentation, geopolitical risks, cross-border payment systems, and progress on the OIC’s roadmap programme. In a session assessing the OIC-2025 Programme, Dr. Shabsigh highlighted Islamic finance as a pillar for mobilising resources, strengthening markets, and supporting private sector growth, and noted the IFSB’s readiness to support member countries in strengthening financial infrastructure, institutional capacity, and regulatory frameworks. Discussions also covered the OIC-2025 Programme’s priority areas of poverty alleviation, trade, investment and finance, employment, infrastructure and industrialisation, and agriculture and food security.
Islamic Financial Services Board 2025-09-29
Islamic Financial Services Board urges stronger policy alignment among OIC members at OIC-COMCEC Central Banks Forum
The Islamic Financial Services Board (IFSB) attended the 7th OIC-COMCEC Central Banks Forum in Istanbul. Secretary-General Dr. Ghiath Shabsigh stressed stronger cooperation among OIC members. Discussions covered the global economic outlook, trade fragmentation, geopolitical risks, and the OIC-2025 Programme, highlighting Islamic finance's role in resource mobilization and market strengthening. The IFSB is ready to support member countries in enhancing financial infrastructure and regulatory frameworks.