IFSB Exposure Draft 16 published for consultation - key elements in supervisory review

The Islamic Financial Services Board has published for consultation Exposure Draft 16 Revised Guidance on Key Elements in the Supervisory Review Process of Institutions offering Islamic Financial Services (excluding Islamic Insurance (Takāful) Institutions and Islamic Collective Investment Schemes): see here (pdf).

Section 3.3 of the Exposure Draft addresses corporate governance and risk management and includes a short section on Sharîah governance (about which see the IFSB's guiding principles, published in 2009, and available here, pdf).