Islamic Financial Services Board
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The Islamic Financial Services Board (IFSB) is an international standard-setting organization 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.
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Citation Level
2002
English, etc
Website Key Features
Prudential Standards
Development and issuance of prudential standards for the Islamic financial services industry.
Guiding Principles
Provision of guiding principles to assist in the implementation of the standards.
Research and Publications
Conducting research and publishing reports on issues relevant to the Islamic financial services industry.
Capacity Building
Organizing workshops, seminars, and training programs to enhance the capacity of the industry stakeholders.
International Collaboration
Collaboration with international organizations to promote the development of the Islamic financial services industry.
Membership
Offering membership to regulatory and supervisory authorities, financial institutions, and other stakeholders in the Islamic financial services industry.
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Additional information
Headquarters
Kuala Lumpur, Malaysia
Members
Over 180 members including regulatory and supervisory authorities, international inter-governmental organizations, and market players from over 50 jurisdictions.
Key Publications
IFSB Standards, Guiding Principles, Technical Notes, and Islamic Financial Services Industry Stability Reports.
Events
Regularly hosts international conferences, seminars, and workshops focusing on various aspects of Islamic finance.
Objectives
To promote the development of a prudent and transparent Islamic financial services industry through introducing new, or adapting existing, international standards consistent with Shari'ah principles.
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