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.
(4) Hadith 4 of the book of revelation by Sahih al-Bukhari
قَالَ ابْنُ شِهَابٍٍ: وَأَخْبَرَنِي أَبُو سَلَمَةَ بْنُ عَبْدِ الرَّحْمَنٍِ، أَنَّ جَابِرَ بْنَ عَبْدِ اللَّهِ الْأَنْصَارِيٍَّ، قَالَ وَهُوَ يُحَدِّثُ عَنْ فَتْرَةِ الْوَحْيِ، فَقَالَ فِي حَدِيثِهِ: بَيْنَا أَنَا أَمْشِي إِذْ سَمِعْتُ صَوْتًا مِنَ السَّمَاءِ فَرَفَعْتُ بَصَرِي، فَإِذَا الْمَلَكُ الَّذِي جَاءَنِي بِحِرَاءٍ جَالِسٌ عَلَى كُرْسِيٍّ بَيْنَ السَّمَاءِ وَالْأَرْضِ، فَرُعِبْتُ مِنْهُ فَرَجَعْتُ، فَقُلْتُ: زَمِّلُونِي، فَأَنْزَلَ اللَّهُ تَعَالَى: "يَأَيُّهَا الْمُدَّثِّرُ 1 قُمْ فَأَنْذِرْ 2 "سورة المدثر آية 1-2، فَحَمِيَ الْوَحْيُ وَتَتَابَعَ، تَابَعَهُ عَبْدُ اللَّهِ بْنُ يُوسُفٍَ، وَأَبُو صَالِحٍٍ، وَتَابَعَهُ هِلَالُ بْنُ رَدَّادٍٍ، عَنِ الزُّهْرِيٍِّ، وَقَالَ يُونُسٍُ، وَمَعْمَرٌٍبَوَادِرُهُ.
Sahih hadith: Narrated Jabir bin 'Abdullah Al-Ansari while talking about the period of pause in revelation reporting the speech of the Prophet While I was walking, all of a sudden I heard a voice from the sky. I looked up and saw the same angel who had visited me at the cave of Hira' sitting on a chair between the sky and the earth. I got afraid of him and came back home and said, 'Wrap me (in blankets).' And then Allah revealed the following Holy Verses (of Quran): 'O you (i.e. Muhammad)! wrapped up in garments!' Arise and warn (the people against Allah's Punishment),... up to 'and desert the idols.' (74.1-5) After this the revelation started coming strongly, frequently and regularly.
Reference: Sahih al-Bukhari 1: Chapter 1, Hadith 4.