IFSB announces the release of Islamic financial indicators for 15 member countries

The Islamic Financial Services Board (IFSB) has announced the release of a set of indicators on the financial soundness and growth of the Islamic banking systems in 15 member countries. This initiative is in line with Article 4 of the IFSB Articles of Agreement. The indicators, called Prudential and Structural Islamic Financial Indicators (PSIFIs) capture information on the size, growth and structural features of Islamic banking systems and on their macroprudential condition by looking at measures of their capital, earnings, liquidity, and exposures to various types of risks. They also cover the indicators on capital adequacy and liquidity based on newly issued IFSB Standards to complement international regulatory reforms under the Basel III regime.