IFSB releases Prudential and Structural Islamic Financial Indicators

For the second year, the Islamic Financial Services Board (IFSB), an international organization that sets standards for the promotion and advancement of the stability of the Islamic financial services industry, has released its Prudential and Structural Islamic Financial Indicators (PSIFIs) from 16 member countries.

The indicators were developed using data from December 2013 to December 2014.

"The support of multilateral organizations has greatly assisted the progress on this project," IFSB Secretary General Jaseem Ahmed said. "It is our aim to continue to expand the scope of the PSIFI to include the participation of new jurisdictions, as well as expansion of data to the Islamic capital market and Takaful sectors of the industry."

Ahmed said PSIFIs' "focus on core issues of capital adequacy, asset quality, liquidity and leverage will assist in evaluating consistency in the adoption of global and IFSB recent standards on risk-based capital, liquidity coverage ratio and the net stable funding ratio."

The complete report is online at www.psifi.ifsb.org.