Friday 18 April 2014
 
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IFSB

IFSB issues draft standards on capital adequacy

The Islamic Financial Services Board (IFSB) released new draft guidelines on capital adequacy for Islamic banks and the risk management of takaful (Islamic insurance) companies, the industry body said in a statement on Thursday. T

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IFSB to revise capital adequacy guidelines

The Kuala Lumpur-based Islamic Financial Services Board (IFSB) plans to revise its capital adequacy guidelines for Islamic financial institutions, with a draft to be released in November for industry feedback. The IFSB sets global

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ISFB, ADB team up for Islamic finance

The Islamic Financial Services Board (IFSB) and the Asian Development Bank (ADB) have signed an agreement to promote the development of Islamic finance in common developing member countries. “The importance of Islamic finance in t

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IFSB drafts hearing date set

The Islamic Financial Services Board (IFSB) is inviting the Islamic financial community and interested parties to attend its second public hearing for the IFSB Exposure Drafts (ED) 12 and 13. The hearing will be held on December 14 at the

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Islamic body to revamp rules to fit Basel III

The Islamic Financial  Services Board, an association of regulators in Muslim  countries, will revise its rules next year to enhance sharia  banks' capital in line with Basel III reforms, its  secretary-general said.

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Deal to set up Islamic liquidity managament unit

Articles of agreement for the establishment of the International Islamic liquidity management corporation (IILM) was signed at a major event in Kuala Lumpur recently. Eleven central banks and two multilateral organisations participated in

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Financial sector facing impact of global crisis

As the dust settles after the financial crisis it has become increasingly clear that there will be no return to business as usual for the financial industry, said a top government official. Rasheed Al Maraj, Governor of Central Bank of Bah

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IFSB release key Islamic finance report

A major report on Islamic Finance was launched at the inaugural 'Financial Stability Forum' organised by the Islamic Financial Services Board (IFSB) recently in Khartoum. The report entitled 'Islamic Finance: Global Financial S

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Bahrain Islamic finance summit draws top speakers

A major Islamic finance conference scheduled to be held in Bahrain in May is attracting wide spread interest from regulators and market participants from various parts of the world. The 7th Islamic Financial Services Board (IFSB) Summit wi

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Standards sought for Islamic finance

Islamic finance, despite its unique characteristics, is diverse in its application and has universal appeal as a viable alternative means of financing, according to secretary general of the Islamic Financial Services Board (IFSB) Professor Rifaat

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