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IsDB Group and IFSB Formalise Framework for Development Finance Standards
Original: IsDB Group and IFSB Formalise Framework to Advance Development Finance with Prudential Standards
The Islamic Development Bank Group and the Islamic Financial Services Board have formalised a framework to advance development finance alongside prudential standards. The agreement is intended to strengthen cooperation between development financing and sound regulatory oversight in Islamic finance, supporting stability and growth in member countries and across the global Islamic financial industry.
Why now: The formal agreement between two major Islamic finance institutions signals closer coordination between development lending and regulatory standards.
Islamic Development BankIslamic Financial Services Board
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- IsDB Group and IFSB Formalise Framework to Advance Development Finance with Prudential Standards · Islamic Development Bank
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