Defining New Standards in Islamic Finance
The Islamic Financial Services Board (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.
Standards & Publications
Other Documents
- April 2010
IFSB-IRTI-IDB Islamic Finance and Global Stability Report:The Task Force on Islamic Finance and Global Financial Stability
(Task Force) was initiated by the Islamic Development Bank (IDB) on
29 October 2008.
[ ENGLISH ]
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IFSB Published Standards
- GN-5: Guidance Note on the Recognition of Ratings by external Credit Assessment Institutions (ECAIS) on Takâful and ReTakâful Undertakings
[ ENGLISH | ARABIC ]
- GN-4: Guidance Note in Connection with the IFSB Capital Adequacy Standard: The Determination of Alpha in the Capital Adequacy Ratio for Institutions (other than Insurance Institutions) offering only Islamic Financial Services
[ ENGLISH | ARABIC ]
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