According to the public relations report of the Karafarin Bank, based on the official announcement of the Islamic Financial Services Board (IFSB) website, in the 42nd meeting of this council, which was hosted by the Central Bank of Saudi Arabia (SAMA) in Riyadh, with the agreement of the members, the Central Bank of Russia (representative of the Federation) Russia) was elected as an associate member, and Karafarin Bank (representative of Iran) was elected as a supervisory member of this board. It is worth mentioning that the Islamic Financial Services Board (IFSB) is an international institution that prepares and publishes standards to strengthen the health and stability of the Islamic financial services industry. In this set of standards in the field of banking, financial markets and insurance based on the standards and principles of Islamic Sharia for the operation of institutions active in the Islamic financial services industry. This board was officially established on November 3, 2002 and started its activities on March 10, 2003. At the time of its establishment, the constitution of this board was approved by the central bank of 9 countries and the financial supervisory authority, including the central banks of Iran, Malaysia (Bank Negara), Sudan, Indonesia, Pakistan, Bahrain, Kuwait, the Saudi Monetary Authority and the Islamic Development Bank. The location of this board is in the city of Kuala Lumpur, Malaysia, and the country of Malaysia has recognized this board by passing the "Islamic Financial Services Board Law" in 2002. One of the important programs of this committee is to create the health and stability of the Islamic financial services industry, including banks, capital markets and insurance. Clarification of new standards as well as adaptation to existing international standards compatible with Sharia is another important goal of this institution. The standards compiled by this institution have received positive comments and support from different countries.The activities of this organization are complementary to the actions and activities of the, Bal Supervisory Committee the International Organization of Securities Commissions, and the International Association of Insurance Supervisor. It should be mentionedt that the 42nd meeting of the Council was held under the chairmanship of Ayman Al-Siyar, the head of the IFSB in 2023, and the governors of the central bank, the vice presidents, the heads of the supervisory authorities, the senior representatives of the council and the full members of the IFSB representing 19 countries and Islamic countries and and Islamic Development Bank were present in this meeting. In the recent meeting of this council, the issue of liquidity risk was given special attention and the members of this meeting presented their solutions to reduce this risk.