Islamic Financial Services Board to revise its rules
Rifaat Ahmed Abdel Karim, secretary-general of the Islamic Financial Services Board, has said the board will revise its rules next year to enhance Shari'ah-compliant banks' capital in line with Basel III reforms.
The purpose is "not to put the Islamic financial services industry at a disadvantage and to provide them with a level playing field" . The IFSB would seek its council's approval in December to begin work next year on amending the regulations
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