Composition

Composition

In order to ensure representation of all sectors within the Islamic finance industry, and to diversify backgrounds and experiences of board members, the composition of the new AGEB comprises:

1. At least 5 members representing Islamic financial institutions (commercial banks, investment banks, insurance, financing companies, etc.).
2. Up to 5 members representing accounting and auditing firms, and professionals in the field of governance, risk management, compliance (GRC).
3. Up to 3 members representing central banks, regulatory authorities, and international or multilateral organisations (such as the World Bank, IMF, IFSB, etc.).
4. At least 1 member who is a Shari’ah scholar (and does not serve at the same time on AAOIFI Shari’ah Board).
5. At least 1 member representing academicians (universities and educational institutions).