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 Islamic finance principles, and recommending these for adoption.”
Article 4 (A) - IFSB Article of Agreement on the Objectives the IFSB
The formulation of the IFSB standards and guidelines adhere to a rigorous due process as set out in the Procedures and Guidelines for the Preparation of Standards and Guidance Notes (Revised December 2024). The due processes are in put in place to ensure that these Standards and Guidance Notes adopted or issued by the Council are high quality, understandable and implementable and has undergone a thorough and broad consultation with all stakeholders.
IFSB Procedures and Guidelines for the Preparation of Standards and Guidance Notes (revised December 2024)
The Key Milestones in the Formulation of the IFSB Standards and Guidelines
