25 October 2022, Kuala Lumpur – The Islamic Financial Services Board (IFSB) has today issued the Exposure Draft (ED) of the Technical Note on Sharī`ah-Compliant Liquidity Risk Management Tools (ED TN-5) for a 45-day Public Consultation period starting from 25 October to 9 December 2022.
The aim of the TN is to enumerate and describe the various Sharī`ah-compliant Liquidity Risk Management Tools (SLRMTs) available or potentially available to IIFS, and to evaluate them in order to provide guidance on their use. Sharī`ah-compliant liquidity risk management tools may be used to manage liquidity risk on either side of the balance sheet.
Specifically, the guiding objectives of the TN are to:
The IFSB invites comments from central banks, regulatory and supervisory authorities, international organisations, financial market players, Institutions Offering Islamic Financial Services (IIFS), academics and other interested parties. The IFSB will be conducting an online public hearing (via webinar) as part of the public consultation process. Participation in the webinar is free and open to all. Details will be announced in due course.
The softcopy of ED-TN-5 is available on the IFSB website, https://www.ifsb.org/exposure.php. The IFSB Secretariat invites all interested parties, especially members of the IFSB, to send their comments to the IFSB Secretariat through email to [email protected] by 9 December 2022 at the latest.
