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The International Accounting Standards Board (IASB) has appointed Ashruff Jamall as a member to the Islamic Finance Consultative Group (IFCG).

Mr Jamall works for PwC Middle East as Global Islamic Finance Leader, and he is a senior member of PwC’s financial services practice in the Middle East region.

He has more than three decades of extensive assurance, regulatory and advisory experience in both the conventional and Islamic financial services sectors in the Middle East. His expertise encompasses the capital markets, banking, insurance and asset management subsectors.

Faiz Azmi has stepped down as IFCG Chair after six years. He continues to be a member of the IFCG.

Bruce Mackenzie takes the helm, having previously served as Vice-Chair of the IFCG.

Mr Mackenzie has been a member of the IASB since 2020. He has more than two decades of technical accounting experience as a preparer of IFRS financial statements assisting companies globally with their reporting.

Since 2022, Mr Mackenzie has also been Chair of the IFRS Interpretations Committee.

Bruce Mackenzie, IFCG Chair, said:

The IFCG strives to ensure the IASB and the Interpretations Committee are kept well informed on Islamic finance matters when the IASB is considering developments and consistent application of IFRS Accounting Standards. I am pleased to become Chair, and welcome Ashruff to this consultative group. I also thank Faiz for his valuable contributions as Chair, and continued membership of the consultative group.

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