IslamicFinance.de

The Islamic Financial Services Board (IFSB) has issued the Exposure Draft on Revised Capital Adequacy Standard for Institutions Offering Islamic Banking Services (ED-RCAS) for public consultation. The IFSB is inviting comments from central banks, regulatory and supervisory authorities as well as international organisations, Institutions offering Islamic Financial Services (IIFS) and academics. The standard seeks to assist the IIFS in the implementation of a capital adequacy framework that will ensure effective coverage of risk exposures. Additionally, the exposure draft also addresses some specific concerns in the course of implementation of the earlier IFSB capital adequacy standards and guidance notes.