The Islamic Financial Services Board (IFSB)
This international standard-setting body of regulatory and supervisory agencies focuses on ensuring the soundness and stability of the Islamic financial services industry. The IFSB promotes the development of a prudent and transparent Islamic financial services industry by introducing new or adapting existing international standards consistent with Sharî’ah principles and recommending them for adoption.
The Regulatory Authority is an Associate Member of IFSB and has had an ongoing dialogue with IFSB in developing its capital and liquidity risk framework for Islamic banks.
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