The Islamic Development Bank Group and the Islamic Financial Services Board have established a Strategic Collaboration Framework to coordinate standard-setting and implementation, technical advice and development financing across member countries. The multi-year partnership aims to strengthen the stability, inclusion and growth of the global Islamic financial services industry. The work program will provide capacity building and technical assistance to reinforce national institutions and Islamic finance frameworks. It will also support research into emerging risks and opportunities and the dissemination of best practices, with a focus on helping countries develop the capacity to apply Islamic financial standards effectively.
Islamic Development Bank Group and Islamic Financial Services Board formalize multi-year collaboration on Islamic finance regulation
The Islamic Development Bank Group and the Islamic Financial Services Board have established a multi-year framework linking Islamic finance standard-setting with technical assistance and development financing. The partnership will strengthen national institutions, implementation capacity and research into emerging risks and opportunities.