Kuala Lumpur, 26 January 2018 - The Islamic Financial Services Board (IFSB) today announces the appointment of Dr. Bello Lawal Danbatta as its Secretary-General. The appointment of Dr. Danbatta was approved by the Council of the IFSB in its 31st meeting on 11 December 2017, in Kuala Lumpur. Dr. Danbatta will assume his duties on 29 January 2018.
Dr. Danbatta, previously the Director of the Centre of Consultancy and Executive Programmes at INCEIF, brings with him over 25 years combined experience in the private, academia, as well as the regulation and supervision sectors across Africa, Europe, Asia and the Middle East. He is a Member of the Accounting and Auditing Board of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI), and has chaired various working groups for the issuance of financial accounting standards for Islamic financial institutions. He has also been involved in the development and drafting of standards, guidelines and frameworks for capital adequacy, accounting, as well as supervision and regulation of Islamic finance for various countries. Dr. Danbatta holds a Ph.D. in Islamic Banking and Finance from the International Islamic University Malaysia, and an MBA in Corporate Finance. He is a member of the Association of Certified Chartered Accountant (ACCA-UK), the Licensed International Financial Analyst (LIFA-UK), Chartered Institute of Islamic Finance Professionals (CIIFP), Nigerian Institute of Management (NIM), Certified Pension Institute of Nigeria (CPIN), Institute of Chartered Accountants of Nigeria (ICAN), and International Council for Islamic Finance Educators (ICIFE). Dr. Danbatta has also been active in providing Islamic finance training and consultancy, and has a number of publications on Islamic banking, corporate governance and earnings management.
Dr. Danbatta takes over the helm of the IFSB, which has a global membership base of over 180 organisations in almost 60 countries. The membership includes 75 regulatory and supervisory authorities, international multilateral organisations, such as the Asian Development Bank, Bank for International Settlements, the International Monetary Fund, Islamic Development Bank, West African Development Bank and the World Bank, as well as Islamic financial institutions and professional firms. The IFSB is guided by its Strategic Performance Plan (SPP) 2016-2018, which provides the organisation a strategic focus and a clear framework of activities streamlined towards sharpening the focus of the mission, goals and objectives of the IFSB over the medium term. Dr. Danbatta is expected to be at the forefront of the international organisation, leading it into the next SPP cycle.
Dr. Danbatta succeeds Mr. Jaseem Ahmed, who retired in April 2017, having held the helm of the IFSB since April 2011. In the interim, the post was held by Acting Secretary-General Mr. Zahid ur Rehman Khokher.