
IFSB appoints former IMF Expert Abdullah Haron as Deputy Secretary-General
Kuala Lumpur, MALAYSIA – The Islamic Financial Services Board (IFSB) has appointed Abdullah Haron as Deputy Secretary-General, effective 4 February 2025. A highly respected financial expert, Abdullah brings over three decades of experience in financial regulation, risk management and Islamic finance, with a career spanning the International Monetary Fund (IMF), the Central Bank of the UAE, Bank Negara Malaysia (BNM) and the IFSB.
As a Senior Financial Sector Expert at the IMF, Abdullah managed technical assistance initiatives and oversaw the implementation of Financial Sector Stability Reviews (FSSR) follow up for selected member countries. He participated in the Financial Sector Assessment Program (FSAP), Article IV surveillance, and played a key role in shaping the IMF's approach to Islamic banking activities.
Prior to the IMF, he was a Reviewer in the Banking Supervision Department at the Central Bank of the UAE, where he helped establish the Higher Sharī'ah Authority and integrate Islamic finance into the national prudential framework.
Abdullah previously served as Assistant Secretary-General at the IFSB from 2003 to 2013. As one of the founding team's leaders, he was instrumental in developing the IFSB's pioneering regulatory standards and leading key initiatives in global Islamic finance regulation.
His career began at BNM in 1991, followed by leadership roles in market risk management in other banks including Maybank, Standard Chartered Malaysia, and the Arab-Malaysian Merchant Bank in Malaysia.
Abdullah holds an MBA from Ohio University and a Bachelor's degree Liberal Arts and Science (Actuarial Science) from the University of Illinois Urbana-Champaign.
For more information on the IFSB, visit www.ifsb.org.
About the Islamic Financial Services Board (IFSB)
The IFSB is an international standard-setting organisation that promotes and enhances the soundness and stability of the Islamic financial services industry by issuing global prudential standards and guiding principles for the industry, broadly defined to include banking, capital markets and insurance sectors. The IFSB also conducts research and coordinates initiatives on industry-related issues, as well as organises roundtables, seminars and conferences for regulators and industry stakeholders. Towards this end, the IFSB works closely with relevant international, regional and national organisations, research/educational institutions and market players.
The members of the IFSB comprise regulatory and supervisory authorities, international inter-governmental organisations and market players, professional firms and industry associations. For more information about the IFSB, please visit www.ifsb.org
IFSB Media Contact:
Nor Atiqah/ Ammar KhairiEmail: nor.
atiqah@ifsb.org/ cap@ifsb.org
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The National
11 hours ago
- The National
Why womenomics is becoming a mathematical necessity
The theory of 'womenomics' – that increasing women's workforce participation boosts economic growth – was popularised nearly three decades ago by Kathy Matsui, a former Goldman Sachs executive, based on her study of imbalances in Japan. The International Monetary Fund, the World Bank and the OECD have consistently promoted a similar thesis: investing in greater female labour force participation pays off in the form of higher GDP. In 2015, McKinsey put a number on the idea, by estimating that $28 trillion could be added to global economic output over the ensuing decade if women played an identical role in labour markets to that of men. In a world economy reeling under crises and profound change, is womenomics still relevant? Maybe more so than at any point in history. The global economy is now faced with a historically low growth rate of 2.8 per cent this year. For advanced economies the forecast is just 1.4 per cent, while for emerging and developing economies it's 3.7 per cent. Short-term headwinds are symptoms of a momentous longer-term transformation, driven by technology and geopolitics and making just about every type of indicator far more uncertain and difficult to predict. In this context, countries are seeking strategies to boost growth through domestic measures. They are working towards more regional and bilateral trade agreements, pursuing industrial policy often with security and self-reliance considerations, boosting local demand and consumption, and aiming to attract local and foreign investment to newly emerging growth areas. Central to these endeavours is talent. In past waves of globalisation, many countries competed on the basis of cheap labour alone. This will no longer suffice. Trading will require more refined skills, boosting domestic demand will need a focus on analysing local incomes and spending behaviour, and attracting investment will require a focus on the quality of local human capital. In 109 of the 148 countries covered in the World Economic Forum's Global Gender Gap Report 2025, women are enrolled in tertiary degrees in equal or higher numbers than men. And yet, men continue to comprise 65 per cent of workers without a tertiary degree, and 60 per cent of those with one. Among tertiary educated women, just 29.5 per cent make it to top leadership, despite representing 40.3 per cent of the overall workforce. Even for women with master's or bachelor's degrees, top-level representation plateaus below 31 per cent. Women's talent remains a stranded asset in much of the world. The cheapest form of stimulus in a down economy can therefore come by bringing university educated women into the workforce, including leadership roles. This is particularly true at a time when already constrained fiscal space limits other options. There's also a secondary, but no less important, role for womenomics in a turbulent economy driven by geopolitical conflict, threatened by climate change and facing both the risks and opportunities of new technologies. Solving problems often relies on a diversity of thought, knowledge and experience. So does the creativity necessary to unleash innovation in the form of new technologies and scientific breakthroughs. This is true across teams and organisations. The pattern holds for entire countries. Economies that tap into the full spectrum of their talent and human capital are best positioned to accelerate innovation, productivity and prosperity, even more so amid unprecedented uncertainty. Demographic pressures create a third vital role for womenomics in an uncertain economy. With the exception of countries in sub-Saharan Africa and parts of emerging Asia, much of the world is faced with a declining working-age population. It peaked in Germany in 1986, in the US in 2007 and in China in 2010. Even with technology driven job losses, there is a net rise in demand for talent for growing roles in agriculture, teaching, technology, health and more. Amid increased polarisation and pushback on migration, greater female labour participation will be a mathematical necessity to maintain productivity. Yet, the question remains: is progress possible? In two decades of tracking gender parity, despite slow movement in global averages, we've found that the answer is a resounding 'yes'. Since 2006, gender gaps have closed in terms of senior economic leadership (by more than 17 percentage points), in professional and technical roles (by seven percentage points), higher education (by about 16 percentage points), and representation in both governing cabinets and legislative bodies (by nearly 13 and 15 percentage points, respectively). Among the 100 countries we have consistently tracked over the years, 99 have closed gender gaps – some remarkably quickly, through a blend of smart strategy and policy. Economies sprinting to parity include Bangladesh, Ethiopia, Mexico, Saudi Arabia and the UAE. Among regions, Latin America and the Caribbean made the biggest leap over the years. If its progress continues at current rates, it's on track to become the first region to close the overall gap. Of course, there are looming risks to contend with. Technology is displacing jobs in fields that employ a majority of women, while more pervasive use of AI may disproportionately impact women's white-collar careers. Fragmenting trade and global supply chains could roll back decades of progress for women who have increasingly gained formal employment in export-driven industries like clothing and textiles in lower and middle-income countries. In addition, inadequate care economies in most countries are disproportionately placing the burden on women who would otherwise be in the formal workforce. But relatively small investments in care infrastructure, gender-lens reskilling and upskilling, and supporting job transitions for women in trade and tech-disrupted sectors would provide immense returns. It may not be a new concept, but womenomics is essential for navigating the new economy.


Gulf Today
2 days ago
- Gulf Today
UAE President sends written message to Canadian PM
President His Highness Sheikh Mohamed Bin Zayed Al Nahyan has sent a written message to Mark Carney, Prime Minister of Canada, focusing on bilateral relations between the UAE and Canada. Sheikh Abdullah Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, delivered the message during his meeting with the Canadian Prime Minister at the outset of his working visit to the Canadian capital, Ottawa. The meeting explored avenues to strengthen cooperation between the UAE and Canada, with both sides discussing ways to deepen bilateral ties and expand prospects for joint collaboration across various sectors to serve mutual interests and enhance the prosperity and well-being of their peoples. Sheikh Abdullah and the Canadian Prime Minister also explored opportunities for collaboration across various sectors, including the economic and commercial fields, energy, artificial intelligence and education. Sheikh Abdullah stressed that the UAE and Canada share deep-rooted ties and a growing partnership founded on productive and constructive collaboration, aligned with the shared aspirations of both nations and their efforts to achieve sustainable development. Discussions also touched on regional and international developments, with an exchange of views on key topics. Sheikh Abdullah stressed the importance of bolstering joint efforts to support global peace and security. The meeting was attended by Reem Bint Ebrahim Al Hashimy, Minister of State for International Cooperation; Dr Sultan Bin Ahmed Al Jaber, Minister of Industry and Advanced Technology; Dr Thani Bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade; Sultan Al Mansoori, Envoy of the Minister of Foreign Affairs; Saeed Mubarak Al Hajeri, Assistant Foreign Minister for Economic and Trade Affairs; and Abdulrahman Ali Al Neyadi, UAE Ambassador to Canada. WAM


Dubai Eye
2 days ago
- Dubai Eye
Sheikh Abdullah delivers UAE President's message to Canadian PM
Sheikh Abdullah bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Foreign Affairs, has delivered a message from UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan to Canadian Prime Minister Mark Carney. The "written message" focused on strengthening bilateral relations between the UAE and Canada, national news agency Wam reported. Sheikh Abdullah also held talks with Prime Minister Carney at the start of his working visit to the country. The two sides discussed ways to deepen cooperation and expand joint collaboration across various sectors to advance shared interests. The talks also explored opportunities for further collaboration in key sectors including trade and commerce, energy, AI and education. Sheikh Abdullah highlighted the strong and growing partnership between the UAE and Canada, supported by constructive and forward-looking cooperation. The two leaders also exchanged views on regional and international developments, with Sheikh Abdullah reaffirming the importance of strengthening joint efforts to support global peace and security. During his visit, Sheikh Abdullah also held talks with Anita Anand, Canada's Minister of Foreign Affairs and François-Philippe Champagne, Minister of Finance and National Revenue. His discussions with Minister Champagne focused on enhancing cooperation in economic and financial fields, including developing mechanisms to support investment between the public and private sectors in both countries.