The Islamic Financial Services Board has adopted two new standards: [1] IFSB-14: Standard on Risk Management for Takāful (Islamic Insurance) Undertakings; and [2] IFSB-15: Standard on Revised Capital Adequacy for Institutions offering Islamic Financial Services (other than Takāful Institutions and Islamic Collective Investment Schemes). For further information see here.
Thursday 19 December 2013
IFSB adopts two new standards - risk management and capital adequacy
The Islamic Financial Services Board has adopted two new standards: [1] IFSB-14: Standard on Risk Management for Takāful (Islamic Insurance) Undertakings; and [2] IFSB-15: Standard on Revised Capital Adequacy for Institutions offering Islamic Financial Services (other than Takāful Institutions and Islamic Collective Investment Schemes). For further information see here.
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