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.
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
The Central Bank of Bahrain (CBB) has held a regional seminar for insurance supervisors in the Mena region, which focused on capital adequacy, risk assessment and on-site inspection.
The eighth regional seminar, which took place in Bahrain