Professor Datuk Rifaat Ahmed Abdel Karim, PhD, PJN is a world-renowned leader and authority in the Islamic financial services industry (IFSI) both at the professional and academic levels. He has played a pioneering role in the development of Islamic finance, while his leadership in setting accounting, auditing, governance, Shari’ah and regulatory standards has been instrumental in establishing the position of the IFSI in the mainstream of global financial services.

  • Recent Work Experience
    Secretary-General, Islamic Financial Services Board (IFSB), the international body that sets prudential and supervisory standards for the Islamic financial services industry, 2003 - 2011
    Secretary-General, Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), a post he held for eight years up to 2003.
  • Membership
    Standards Advisory Council of the International Accounting Standards Board, for two consecutive three-year terms, 2001 - 2008.
    Consultative Advisory Group of the International Auditing and Assurance Standards Board, for two consecutive three-year terms, 2004 - 2011
    International Liaison Group, Basel Committee for Banking Supervision, 2007-2008.
    Basel Consultative Group, Basel Committee for Banking Supervision, 2009 – 2011.
    Governing Council, International Centre for Education in Islamic Finance (INCEIF), Malaysia, 2006 – 2011.
  • Awards
    "Lifetime Achievement Award in Islamic Banking and Finance" awarded by the Islamic Banking and Finance Forum, in Bahrain, 1998
    "American Finance House - LARIBA Award for Excellence in Faith Based LARIBA Banking and Finance (Academic Division)”, 2003
    Euromoney "2004 Outstanding Contribution in the Development of Islamic Finance ", Inaugural Recipient.
    Islamic Business and Finance Award "Contribution of Excellence in Islamic Finance”, 2005
    Royal Malaysian Honorary Award of Darjah Kebesaran Panglima Jasa Negara (P.J.N.) which carries the title 'Datuk', June 2010
    Islamic Development Bank Award for Islamic Banking and Finance, June 2010.
    World Islamic Banking Conference Award for Industry Leadership, November 2010.
    Islamic Business & Finance Award for Outstanding Contribution to the Industry, December 2010.
    Literati Network Awards for Excellence 2011, Outstanding Academic Paper Award Winner: Supervisory, Regulatory and Capital Adequacy Implications of Profit Sharing Investment Accounts in Islamic Finance, Journal of Islamic Accounting and Business Research, Emerald Group Publishing Limited, UK.
  • Affiliation with Academic Institutions
    Visiting Professor, School of Management, Surrey University, UK, 1996 – 2007.
    Honorary Professor, Faculty of Business and Economics, Monash University, Australia, 2005 - 2007.
    Visiting Professor, ICMA Centre, Henley Business School, University of Reading, UK, 2008 – to date.
    Adjunct Research Professor, International Centre for Education in Islamic Finance (INCEIF), The Global University of Islamic Finance, Malaysia, 2011 – to date.
  • Education
    Ph.D, University of Bath, UK.
    M.Soc.Sc, University of Birmingham, UK
    B.Sc., University of Khartoum, Sudan
  • Co-Editor/Author of Books
    Takaful (Islamic Insurance): Concepts and Regulatory Issues, John Wiley & Sons, 2009
    Islamic Finance: The Regulatory Challenge, John Wiley & Sons, 2007
    Islamic Finance: Growth and Innovation, Euromoney, UK, 2002.
    Business and Accounting Ethics in Islam, Mansell Publishing Co., 1991
  • Academic & Professional Papers
    Author of a considerable number of academic and professional papers on accounting, finance, governance and regulation issues in Islamic financial services.