Islamic Financial Services Board (IFSB)

Defining New Standards in Islamic Finance

The Islamic Financial Services Board (IFSB) is an international standard-setting organisation that promotes and enhances the soundness and stability of the Islamic financial services industry by issuing global prudential standards and guiding principles for the industry, broadly defined to include banking, capital markets and insurance sectors. The IFSB also conducts research and coordinates initiatives on industry related issues, as well as organises roundtables, seminars and conferences for regulators and industry stakeholders.

Past Events

1 / 20

4th Task Force Meeting of Technical Note on Macroprudential Tools for IIFS (banking segment)

2 / 20

1st Task Force Meeting on Recovery and Resolution of Takaful Undertakings

3 / 20

3rd Task Force Meeting of Technical Note on Macroprudential Tools for Islamic Banking

4 / 20

6th Working Group Meeting - Revised Guiding Principles on Corporate Governance for Institutions Offering Islamic Financial Services - [Banking Segment]

5 / 20

6th Working Group Meeting Conduct of Business Supervision in Takāful Undertaking

6 / 20

8th Joint Working Group Meeting - IFSB-AAOIFI Revised Shariah Governance Framework

7 / 20

7th Task Force Meeting of Shariah Compliant Liquidity Risk Management Tools Technical Note

8 / 20

2nd Task Force Meeting of the Technical Note on Microprudential Tools for Islamic Banking

9 / 20

5th Working Group Meeting on Revised Guiding Principles on Corporate Governance for Institutions offering Islamic Financial Services [Banking Segment]

10 / 20

5th Working Group Meeting on Conduct of Business Supervision in Takaful Undertakings

11 / 20

18th Task Force Meeting on Prudential and Structural Islamic Financial Indicators (PSIFIs)

12 / 20

4th Working Group Meeting on Revised Guiding Principles on Corporate Governance for Institutions offering Islamic Financial Services [Banking Segment]

13 / 20

1st Task Force Meeting of the Technical Note on Microprudential Tools for Islamic Banking

14 / 20

7th Joint Working Group Meeting on IFSB-AAOIFI Revised Shariah Governance Framework for Institutions Offering Islamic Financial Services (RSGF) - Day 2

15 / 20

7th Joint Working Group Meeting on IFSB-AAOIFI Revised Shariah Governance Framework for Institutions Offering Islamic Financial Services (RSGF) - Day 1

16 / 20

4th Working Group Meeting on Conduct of Business Supervision in Takaful Undertakings

17 / 20

7th Working Group Meeting on Core Principles for Islamic Finance Regulation (Takaful Segment)

18 / 20

[ENGLISH] - Public Hearing on IFSB-AAOIFI Shariah Governance Framework (ED-RSGF)

19 / 20

IFSB Roundtable on Exposure Draft: IFSB–AAOIFI Revised Sharīʻah Governance Framework for IIFS

20 / 20

3rd Working Group Meeting on Conduct of Business Supervision in Takaful Undertakings

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Standards & Publications

The IFSB is issuing the following new Exposure Draft (ED) on Revised Guiding Principles on Corporate Governance for Institutions Offering Islamic Financial Services (Banking Segment). Comments on the ED should be sent to the IFSB Secretariat no later than 20 May 2023 at email [email protected], with the subject: ED-30 public consultation comments.

The ED on Revised Guiding Principles on Corporate Governance for Institutions Offering Islamic Financial Services (Banking Segment) for Public Consultation
[ ENGLISH | ARABIC ]

Consultation Period: 22 March 2023 to 20 May 2023

The IFSB is issuing the following new Exposure Draft (ED) on Conduct of Business Supervision in Takāful Undertakings. Comments on the ED should be sent to the IFSB Secretariat no later than 28 May 2023 at email [email protected], with the subject: ED-29 public consultation comments.

The ED on Conduct of Business Supervision in Takāful Undertakings for Public Consultation
[ ENGLISH | ARABIC ]

Consultation Period: 29 March 2023 to 28 May 2023

IFSB-27 (December 2022)
Core Principles for Islamic Finance Regulation [Takâful Segment]
[ ENGLISH | ARABIC ]

IFSB-28 (December 2022)
Revised Solvency Requirements for Takâful / Retakâful Undertakings
[ ENGLISH | ARABIC ]

IFSB-23 (December 2021)
Revised Capital Adequacy Standard For Institutions Offering Islamic Financial Services [Banking Segment]
[ ENGLISH | ARABIC | FRENCH ]

GN-8 (December 2022)
Guidance Note on Deepening the Islamic Capital Markets
[ ENGLISH | ARABIC ]

TN-4 (June 2022)
Technical Note on Recovery and Resolution for Institutions Offering Islamic Financial Services
[ ENGLISH | ARABIC ]

TN-3 (December 2019)
Technical Note on Financial Inclusion and Islamic Finance
[ ENGLISH | ARABIC ]

TN-2 (December 2016)
Technical Note on Stress Testing for Institutions Offering Islamic Financial Services (IIFS)
[ ENGLISH | ARABIC ]

See Public Consultation Summary of Exposure Draft TN-2
TN-2 Stress Testing templates and User Guide are available for download.

VIEW ALL

August 2023
Islamic Financial Services Industry Stability Report 2023

May 2023
Islamic Financial Services Industry Development Ten-year Framework and Strategies: A FINAL REVIEW

January 2023
3rd Innovation Forum Proceedings

December 2022
15th IFSB Summit Proceedings

December 2022
WP-26: Transitioning from London Interbank Offered Rate (LIBOR) to Risk-Free Rates (RFRs): Early Policy Responses in Selected Jurisdictions

December 2022
WP-25: Islamic Infrastructure Financing in a Post-Covid-19 Era: Imperatives, Prospects, Challenges

December 2022
WP-24: Forecasting Nonperforming Financing Ratio in Islamic Banking Post-Covid-19 Pandemic