The ICAP (Impact and Consistency Assessment Program) is a voluntary initiative designed exclusively for Regulatory (RSAs) in the field of Islamic banking. This exercise empowers RSAs to identify regulatory gaps and evaluate the impact of implementing IFSB standards. Providing two options – Facilitated ICAP, an external peer review, and Self-Assessment ICAP, an internal assessment – the ICAP offers valuable insights into the effectiveness of standards implementation, ensuring consistency and understanding the impact within the Islamic banking sector.
Impact and Consistency Assesment Programme (ICAP)
