Kuala Lumpur, 26 January 2024 – The Islamic Financial Services Board (IFSB) is pleased to announce the 29th dissemination of country-level Prudential and Structural Islamic Financial Indicators (PSIFIs) data from Q4 2013 to Q3 2023 on the Islamic banking sector.
The PSIFIs project currently compiles data on the Islamic banking sector from 26 jurisdictions: Afghanistan, Bahrain, Bangladesh, Brunei, Egypt, Indonesia, Iran, Iraq, Jordan, Kazakhstan, Kuwait, Kyrgyzstan, Lebanon, Libya, Malaysia, Morocco, Nigeria, Oman, Pakistan, Palestine, Qatar, Saudi Arabia, Sudan, Turkey, United Arab Emirates, and the United Kingdom.
Dr. Bello Lawal Danbatta, the Secretary-General of the IFSB highlighted “the significant strides achieved by the IFSB PSIFIs project in enhancing the availability of credible and up-to-date prudential and structural data on the resilience and soundness of the Islamic financial services industry. He further acknowledged the contribution of the PSIFIs Task force members in compiling country-level data and thanked them for bolstering the project’s advancement”.
The PSIFIs data on the Islamic banking sector provides sectoral country-level data covering full-fledged Islamic banks and Islamic windows of conventional banks in the respective jurisdictions. The database contains several prudential soundness indicators, including but not limited to capital adequacy, asset quality, earnings, leverage, liquidity, and sensitivity to risks. It also provides additional prudential indicators that facilitate analysis of the concentration of banks’ exposures, as well as a set of structural indicators that capture the overall size and structure of the Islamic banking sector. Internally, the database is used to draft the IFSB Stability Report, working papers and discussion notes. The database can also be used by external stakeholders to support banking research, and market and industry assessment.
The IFSB Secretariat also continues to regularly conduct capacity-building workshops with the country representatives of the Task Force, focusing on enhancing clarity, completeness and consistency of compilation and reporting of indicators across jurisdictions as well as discussing the contemporary regulatory developments that have implications for the PSIFIs.
