Press Releases

The Central Bank of Kuwait will be hosting the proceedings of two workshops on the two standards set by Islamic Financial Services Board (IFSB) concerning risk management, and corporate governance in institutions offering Islamic financial services. These workshops will be held in the Coral Hall at the Marina Hotel during the period 7 - 8 October 2008. These events come in the context of the IFSB function to organize and hold various working group workshops in member countries to promote awareness and facilitate implementation of the standards developed and set by it.

Hosting of these proceedings reflects CBK's role in spreading banking and financial awareness among workers in the banking and financial sector in the State of Kuwait, in order to raise their performance and professionalism, and keep them abreast of international developments in Islamic banking and finance.

It may be noted that the State of Kuwait is one of the founding members of the Islamic Financial Services Board (IFSB), which was established on the 3rd of November 2002 in Kuala Lumpur, Malaysia. IFSB aims at issuing supervisory guidelines and standards for Islamic financial institutions in accordance with both the provisions of the Islamic Sharia and relevant international standards.

For further information please contact: Ms. Puteri Bahrun: puteri@ifsb.org Tel: 60326984248 Ext 114, Fax: 60326984280