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.
The Muslim World League (MWL) is an independent international organization comprising members from various Islamic countries and sects. Headquartered in Makkah, its mission is to clarify the true image of Islam and foster friendship among peoples.
Establishment:
The MWL was established by a resolution issued by the General Islamic Conference held in Makkah on May 18, 1962 (corresponding to 14 Dhu al-Hijjah 1381 AH).
The MWL Serves as a Member in:
Its Charter:
We, the members of the Muslim World League, representing the MWL with faith and conviction, pledge to Almighty Allah to:
The MWL’s Objectives and Methods of Implementation:
The MWL pursues its goals through means that fully comply with Islamic law, including the following:
Financial Management:
The Muslim World League relies on its endowments for financial management.
Investments derived from these endowments constitute a major source of funding for the organization.
The General Secretariat:
The General Secretariat of the Muslim World League serves as the executive arm of the organization. It oversees the day-to-day operations of the League and implements the policies and resolutions adopted by the Supreme Council. This is carried out under the leadership of the Secretary-General, with the support of assistant secretaries and the general administrative staff.
Headquarters:
Kingdom of Saudi Arabia
Makkah, Al-Aqaba District
P.O. Box 537
Tel: +966-12-5309444
Fax: +966-12-5601319 / +966-12-5601267