IFSB publishes second set of FAQs on four of its standards

Kuala Lumpur, 30 December 2019 – The second set of FAQs are aimed to promote implementation of IFSB standards globally, through presenting clarifications and explanative directions on the issued standards. Today’s publication covers selected FAQs on four IFSB standards, namely: “Guiding Principles on Disclosure Requirements for Islamic Capital Market Products (Sukuk and Islamic Collective Investment Schemes)” (IFSB-19); “Key Elements in the Supervisory Review Process of Takaful/Retakaful Undertakings” (IFSB-20); “Core Principles for Islamic Finance Regulation [Islamic Capital Market Segment]” (IFSB-21); and “Revised Standard on Disclosures to Promote Transparency and Market Discipline for Institutions Offering Islamic Financial Services [Banking Segment]” (IFSB-22). It should be noted, that the first set of FAQs on another four IFSB standards were published on 1st November 2018 (give the hyperlink) and relates to the Capital Adequacy, Liquidity Risk Management, Shariah Governance and Solvency Requirements in Takaful.