Standards Development > Preparation of Standards Preparation of Standards
“To promote the development of a prudent and transparent Islamic financial services industry through introducing new, or adapting existing, international standards consistent with Shari’ah principles, and recommend these for adoption.”
Article 4 (a) - IFSB Article of Agreement on the Objectives of the IFSB
The preparation of standards by the IFSB follow a lengthy due process as outlined in its Guidelines and Procedures for the Preparation of Standards/Guidelines which involve, among others, the issuance of exposure draft and, where necessary, the holding of a public hearing.
IFSB Guidelines and Procedures for the Preparation of
Standards/ Guidelines |
