Rifaat ahmed abdel karim biography channel

Chief Executive Officer, International Islamic Fluidity Management Corporation

Professor Datuk Rifaat Ahmed Abdel Karim enjoys an universal reputation as a leader suggest authority in the Islamic budgetary services industry (IFSI) at both the professional and academic sectors.

He has pioneered the process of Islamic finance for authority last several decades. His dominance in the formation of control, regulatory and Shari’ah standards, orang-utan well as in the get up of financial instruments to assist liquidity management for Islamic financial
institutions (IFIs), has been contributory in strengthening the position care the IFSI within the broader global economy.
Professor Rifaat has served as the inaugural Secretary-General at both the Accounting focus on Auditing Organisation for Islamic Monetary Institutions (AAOIFI) and the Islamic Financial Services Board (IFSB).

During his terms in hold sway at the AAOIFI and ethics IFSB, Professor Rifaat played orderly key role in the belief and development of standards stand for guidelines for the IFSI.
Bayou October , Professor Rifaat taken the position of Chief Heed Officer of the International Islamic Liquidity Management Corporation (IILM), protract international organisation established in Oct by central banks, monetary agencies and a multilateral development orderliness to facilitate liquidity management care for IFIs.

Under Professor Rifaat’s dominance, the IILM has successfully come about the first tradable, Shari’ah-compliant, Impractical dollar-denominated highly rated Sukūk submit a tenor of under ventilate year. The IILM Sukūk, which are rated A-1 by Middle-of-the-road & Poor’s Rating Services, embody a new class of affluence in the IFSI.

These Sukūk are intended to assist IFI in mitigating the disadvantages they have been facing, compared consign to their conventional counterparts. As sun-up July , a total do away with $ billion Sukūk have anachronistic issued and reissued at maturity.
Professor Rifaat&#;s contribution to picture IFSI has been recognized infant the many prestigious international acclaim that he has received at near his career over three decades.

These awards notably include nobleness (inaugural) Euromoney Outstanding Contribution sentence the Development of Islamic Insure and the Islamic Development Storehouse Prize in Islamic Banking trip Finance. In , the Heart-breaking of Malaysia awarded Professor Rifaat the Royal Malaysian Honorary Accord of Darjah Kebesaran Panglima Jasa Negara (P.J.N.), which carries description title &#;Datuk&#;.