Kuala Lumpur, 25 March 2025 – The Islamic Financial Services Board (IFSB) has issued the Exposure Draft (ED) of the Guidance Note on Climate-related Financial Risks for Institutions Offering Islamic Financial Services (Banking Segment), also known as GN-11, for public consultation.
The Guidance Note (GN) provides guidance to regulatory and supervisory authorities (RSAs) on applying the Basel Committee on Banking Supervision’s principles for the effective management and supervision of climate-related financial risks, considering the specific characteristics and nature of Islamic banking operations. The GN offers additional guidance to regulatory and supervisory authorities on addressing specific characteristics of Islamic banking that may result in differences in how climate-related risk drivers impact the risk profile of an IIFS.
A public hearing session will be held via webinar on 16 April 2025 to present the consultation material and answer questions from stakeholders. Details will be announced on the IFSB website.
The softcopy of ED-GN-11 is available on the IFSB website at www.ifsb.org. The IFSB invites all interested parties to send their comments through email to [email protected] by 8 May 2025.
