IFSB-IRTI Mid-Term Review assesses the progress of Islamic finance, provides updated recommendations

A report “Mid-Term Review of the Ten-Year Framework and Strategies for Islamic Financial Services Industry (IFSI) Development” will be launched on 19 May 2014. The Mid-Term Review report is a joint initiative of the IFSB and Islamic Research and Training Institute (IRTI). Previously, in March 2007, the IFSB, IDB and IRTI had jointly developed, in consultation with a wide range of stakeholders, the IFSI Development: Ten-Year Framework and Strategies. After five years of the initial publication, a Mid-Term Review of the initiative was undertaken with the aim to assess the progress made, incorporate the new developments taking place in the global financial system and the challenges. The report will be available for download from the IFSB and IRTI websites, www.ifsb.org and www.irti.org from 19 May 2014.