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The IFSB Disseminates PSIFIs Data for 2021Q1 and 2021Q2 for Islamic Banking Systems in Member Countries

Date posted: 29 October 2021

Kuala Lumpur, 29 October 2021 - The Islamic Financial Services Board (IFSB) is pleased to announce the dissemination of country-level Prudential and Structural Islamic Financial Indicators (PSIFIs) data on the Islamic banking sector for Q1 and Q2 of 2021 from IFSB member jurisdictions. This 20th dissemination of PSIFIs data makes available, quarterly data from 2013Q4 to 2021Q2. 

This 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 United Kingdom. 

The Secretary-General of the IFSB, Dr. Bello Lawal Danbatta stated “The IFSB secretariat, despite the challenges of the COVID-19 pandemic, continued the regular dissemination of the PSIFIs database on the IFSB website while expanding the coverage of the project to include more jurisdictions and all three major sectors of the Islamic financial services industry, in line with the medium-term plan 2020-22 under phase V of the project.” He expressed his appreciation for the continued support of the Task Force members for timely collection and dissemination of the data in this challenging time. He further stated, “The IFSB is committed to implementing all the components of the PSIFIs project progressively towards a sustainable and comprehensive database for the Islamic financial services industry.”

The sectoral country-level data provides several prudential indicators covering full-fledged Islamic banks and Islamic windows of conventional banks, including 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 captures the overall size and structure of the Islamic banking sector. 

The IFSB Task Force on PSIFIs – comprising representatives from 26 participating jurisdictions - has committed to facilitating the collection of Islamic banking data. Nine regulatory and supervisory authorities (RSAs) from the takāful sector and six RSAs from the Islamic capital market sector have joined the project to compile the PSIFIs database for their respective sectors. The inaugural disseminations of data on the takāful and ICM sectors were completed in September 2020 and September 2021 respectively. The IFSB Secretariat has been regularly conducting capacity-building workshops/meetings with the country representatives of the Task Force, focusing on enhancing clarity and consistency of compilation and reporting of indicators across jurisdictions. As such, it intends to enhance the quality, quantity, and reliability of the data and information available through the PSIFIs database.

The PSIFIs Database (full set of data with metadata) is available on the PSIFIs portal at the IFSB website https://psifi.ifsb.org

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