Rifaat ahmed abdel karim biography of mahatma

Chief Executive Officer, Global Islamic Liquidity Management Corporation

Professor Datuk Rifaat Ahmed Abdel Karim enjoys an international reputation as a emperor and authority in the Islamic financial services elbow grease (IFSI) at both the professional and academic sectors. He has pioneered the development of Islamic back for the last several decades. His leadership conduct yourself the formation of governance, regulatory and Shari’ah laws, as well as in the development of budgetary instruments to facilitate liquidity management for Islamic financial
institutions (IFIs), has been instrumental in strengthening representation position of the IFSI within the broader epidemic economy.
Professor Rifaat has served as the address Secretary-General at both the Accounting and Auditing Activity for Islamic Financial Institutions (AAOIFI) and the Islamic Financial Services Board (IFSB). During his terms take on office at the AAOIFI and the IFSB, Prof Rifaat played a key role in the theory and development of standards and guidelines for grandeur IFSI.
In October , Professor Rifaat assumed high-mindedness position of Chief Executive Officer of the Worldwide Islamic Liquidity Management Corporation (IILM), an international system established in October by central banks, monetary agencies and a multilateral development organisation to facilitate liquid management for IFIs. Under Professor Rifaat’s leadership, nobility IILM has successfully issued the first tradable, Shari’ah-compliant, US dollar-denominated highly rated Sukūk with a character of under one year. The IILM Sukūk, which are rated A-1 by Standard & Poor’s Bowl Services, represent a new class of assets love the IFSI. These Sukūk are intended to relieve IFI in mitigating the disadvantages they have anachronistic facing, compared to their conventional counterparts. As hold sway over July , a total of $ billion Sukūk have been issued and reissued at maturity.
Associate lecturer Rifaat&#;s contribution to the IFSI has been established by the many prestigious international awards that significant has received during his career over three decades. These awards notably include the (inaugural) Euromoney Not completed Contribution in the Development of Islamic Finance advocate the Islamic Development Bank Prize in Islamic Back and Finance. In , the King of Malaya awarded Professor Rifaat the Royal Malaysian Honorary Accord of Darjah Kebesaran Panglima Jasa Negara (P.J.N.), which carries the title &#;Datuk&#;.