The Council's activities are aimed at developing international standards for the regulation and supervision of Islamic financial institutions, to implement effective corporate governance and risk management mechanisms, as well as to conduct research and capacity building of the staff in this field, and to assist member organisations in these matters.
Membership in this organization will enable the Central Bank to explore the experience of other countries and implement best international practices
in the regulation and supervision of Islamic financial institutions.
For reference: The Council was established in 2002 and is headquartered in Kuala Lumpur (Malaysia). Currently, the Council has 188 members, including 81 regulators and supervisors, 10 international intergovernmental organisations, 97 market participants. Also, the financial regulators of Kazakhstan, Kyrgyzstan and Tajikistan are members of the Council.
In the city of Ufa, the XVI International Scientific and Practical Conference titled “Islamic Ideals and Values: One Ummah – Shared Destiny” was held. The event was attended by a representative of the Muslim Board of Uzbekistan, Ibrohimjon domla Inomov.
Organized by the Central Spiritual Administration of Muslims of Russia, the Moscow Foundation for the Support of Islamic Culture, Science and Education, and the Council for State–Religion Relations under the Head of the Republic of Bashkortostan, the conference gathered more than 600 participants.
The aim of the conference was to strengthen spiritual and moral values, promote interfaith and interethnic harmony, and develop initiatives that enhance the constructive potential of the Muslim Ummah in Russia and across the Eurasian region.
At the event dedicated to the 45 years of service of Mufti Talgat Tadzhuddin in the cause of religion and the homeland, the representative of the Muslim Board of Uzbekistan, Ibrohimjon domla Inomov, delivered a speech. In his address, he conveyed the congratulations of the Chairman of the Muslim Board of Uzbekistan, Mufti Shaykh Nuriddin Kholiqnazar.
A traditional Uzbek chapan was presented to Mufti Talgat Tadzhuddin, Chairman of the Central Spiritual Administration of Muslims of Russia.