The Exposure Draft revises IFSB-14: Standard on Risk Management for Takāful (Islamic Insurance) Undertakings, issued in December 2013. The revision aligns the Standard with IFSB-27: Core Principles for Islamic Finance Regulation [Takāful Segment], issued in 2022.

The Exposure Draft provides guidance to regulatory and supervisory authorities (RSAs) on risk management considerations arising from the distinctive structure and operation of takāful undertakings. The Exposure Draft addresses the financial soundness of the PRF, pricing and calibration of operator remuneration, prudential constraints on the distribution of underwriting surplus and on the use of qarḍ, together with the supervisory response where weakness in the PRF is recurring or persistent.

Feedback on the Exposure Draft is invited by 6 November 2026, 18:00 (UTC+8). A public hearing webinar will be held on 26 October 2026, 16.00 – 17.00 (UTC+8) to present the Exposure Draft and receive any questions from stakeholders as they prepare to provide their consultation feedback. Click [Webinar Registration – Zoom] for details and registration.

The consultation is now open. Please submit your comments by email to [email protected] by 6 November 2026, 18:00 (UTC+8).