The IFSB Disseminates PSIFIs Data for 2021Q3 for Islamic Banking Systems in Member Countries
Date posted: 30 December 2021
Kuala Lumpur, 30 December 2021 - The Islamic Financial Services Board (IFSB) is pleased to announce the dissemination of country-level Prudential and Structural Islamic Financial Indicators (PSIFIs) data on the Islamic banking sector for Q3 of 2021 from IFSB member jurisdictions. This 21st dissemination of PSIFIs data makes available, quarterly data from 2013Q4 to 2021Q3.
This PSIFIs project currently compiles data on the Islamic banking sector from 26 jurisdictions; Afghanistan, Bahrain, Bangladesh, Brunei, Egypt, Indonesia, Iran, Iraq, Jordan, Kazakhstan, Kuwait, Kyrgyzstan, Lebanon, Libya, Malaysia, Morocco, Nigeria, Oman, Pakistan, Palestine, Qatar, Saudi Arabia, Sudan, Turkey, United Arab Emirates, and the United Kingdom.
The Secretary-General of the IFSB, Dr Bello Lawal Danbatta stated “The Phase V of the PSIFIs project has achieved new height with the dissemination of PSIFIs data, comprising Islamic banking, takaful and Islamic capital markets (ICM) sectors that represent all of the three major sectors of the Islamic financial services industry (IFSI). Over the years, we have witnessed commendable progress, particularly in the PSIFIs database on the Islamic banking sector which has received global acknowledgement as a credible and comprehensive database, covering over 95 per cent of the global Islamic banking and more than 90 per cent of the jurisdictions with systemically important Islamic banking sector.” He further stated, “The IFSB is working relentlessly to enhance the quality, completeness and granularity of the data with the objective of establishing a one-stop repository of global Islamic finance database.” In this regard, he expressed his profound gratitude to the Task Force members for their continued support and cooperation towards achieving this objective, and to other parties contributing to this project.
The PSIFIs data on the Islamic banking sector provides sectoral country-level data covering full-fledged Islamic banks and Islamic windows of conventional banks in the respective jurisdictions. The database contains a number of prudential and soundness indicators, including capital adequacy, asset quality, earnings, leverage, liquidity, and sensitivity to risks. It also provides additional prudential indicators that facilitate analysis of the concentration of banks’ exposures, as well as a set of structural indicators that captures the overall size and structure of the Islamic banking sector.
In addition to the 26 regulatory and supervisory authorities (RSAs) from the Islamic banking sector, 9 RSAs from the takāful sector and 6 RSAs from the Islamic capital market sector have been contributing significantly to the PSIFIs project for their respective sectors. Mentionable that the IFSB completed the 2nd dissemination of takāful data in August 2021 while the inaugural dissemination for the ICM sector was completed in September 2021. The IFSB Secretariat has been regularly conducting capacity-building workshops/meetings with the country representatives of the Task Force, focusing on enhancing clarity and consistency of compilation and reporting of indicators across jurisdictions. As such, it intends to enhance the quality, quantity, and reliability of the data and information available through the PSIFIs database.
The PSIFIs Database (full set of data with metadata) is available on the PSIFIs portal at the IFSB website https://psifi.ifsb.org
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