IFSB issues new draft standards for consultation

IFSB issues new draft standards for consultation

The Islamic Financial Services Board (IFSB) yesterday issued two new exposure drafts (ED) for a five-month public consultation until May 10.

They were the Capital Adequacy Requirements for Sukuk Securisations & Real Estate Investment and the Guiding Principles on Governance for Islamic Collective Investment Schemes, IFSB said in a statement.

The Capital Adequacy Requirements for Sukuk Securisations & Real Estate Investment deals with aspects of regulatory capital requirements for institutions offering Islamic financial services.

All IFSB standards, guidelines and EDs are available at http://www.ifsb.org.

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