*  *  *  Excellencies, distinguished guests, ladies and gentlemen, this conference comes at an important time for the Islamic financial sector. This conference is focussing on six key areas that both the standard setters and the financial sector must work together upon if Islamic finance is to continue to grow and achieve its full potential.
So I thought in this Welcome Address I would talk about one area where the Central Bank, as a regulator and as a member of AAOIFI has a special interest. And that subject is Governance. AAOIFI currently has issued seven standards relating to governance and two standards with respect to ethics.