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The Islamic Financial Services Board Releases the Islamic Financial Services Industry Stability Report 2013

Date posted: 14 May 2013

Kuala Lumpur, 14 May 2013 – The Islamic Financial Services Board (IFSB) released the Islamic Financial Services Industry Stability Report 2013 during the Meet the Members Lunch session that was held on 14 May 2013 at Sasana Kijang, Bank Negara Malaysia, Kuala Lumpur. The programme was the first pre-Summit event that was held preceding the 10th IFSB Summit that will be held on 16 and 17 May 2013.

Against the backdrop of a slow economic recovery in crisis countries, and continued turmoil in the global economy, the Report focuses on key issues affecting the IFSI. In general, the IFSI Stability Report covers the following areas:

  1. Updates on the trends and development in the various segments of the industry – Islamic banking, Islamic capital market and Takaful;
  2. Global initiatives undertaken by international intergovernmental organisations, international standard-setting bodies, as well as international Islamic organisations, to further strengthen the resilience and stability of the financial institutions and markets;
  3. Issues in regulation and supervision of Islamic finance, focusing on liquidity management and safety nets; and
  4. Emerging issues for the Islamic financial services industry, namely consumer protection and financial inclusion.

The Report is viewed as a platform for the IFSB to engage on topical issues with its stakeholders and for sharing with them findings of recent IFSB research. Its contents and structure also reflect the theme of the 10th Anniversary Summit with its focus on financial stability, resilience and inclusiveness.

The 'IFSB Meet the Members Lunch' on 14 May was held with the aim to serve as a platform for the IFSB Secretariat to meet members of the organisation and to familiarise itself with the issues and concerns faced by them so as to ensure that IFSB activities and issues are of relevance and in line with the needs of its members.

More information on participation and registration of the 10th IFSB Summit can be found at its official website: www.ifsbmalaysia2013.com

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