Kuala Lumpur, 21 April 2016 – The Islamic Financial Services Board (IFSB) is pleased to inform the release of its second Strategic Performance Plan (SPP) document, SPP 2016-2018 on the IFSB website. The SPP was approved by the IFSB Council during the 27th IFSB Council Meeting in December 2015.
The four Strategic Key Results Areas (SKRAs) identified in the SPP 2016-2018 are:
| SKRA 1: | Formulation and Issuance of Prudential Standards and Studies for the Regulation of the Islamic Financial Services Industry |
| SKRA 2: | Facilitating the Implementation of Prudential Standards and Capacity Development |
| SKRA 3: | Increasing Awareness and Knowledge Sharing |
| SKRA 4: | Enhancing Cooperation with Islamic Finance Stakeholders |
The SPP 2016-2018 aims to continue the IFSB’s focus on its core mandate which is the formulation, and facilitating the implementation, of prudential standards for the Islamic banking, Takāful, and Islamic Capital Market sectors with an overarching objective of ensuring the stability and resilience of the Islamic financial services industry (IFSI).
The SPP 2016-2018, which is a result of a wide ranging consultation process within the IFSB governance structure as well as with a wide array of stakeholders, is expected to drive the IFSB to a higher level of achievement in the coming period. It builds on the previous SPP of 2012-2015, and the lessons learnt in executing it, along with the recognition of the need for the IFSB to evolve in response to changes in its operating environment. Consequently, the expected end result is for the IFSB to strengthen its capability to pursue its mission for the promotion of the stability and resilience of the IFSI.
The SPP 2016-2018 document is available for download on the IFSB website www.ifsb.org.
