Islamic Financial Services Industry Stability Report 2016

The fourth edition of the Islamic Financial Services Board’s (IFSB) Islamic Financial Services Industry Stability Report takes place against a challenging economic backdrop that has led to a moderation in 2015 of the high growth rates of Islamic finance observed since the global financial crisis. Increasing concern about volatility in the global financial system has been a feature in 2015, underscoring the importance of developing strong regulatory frameworks for prudential regulation and supervision in Islamic finance jurisdictions, supported by proactive stress testing and an enhanced set of capabilities for macroprudential surveillance. These issues continue to be central to the IFSB’s mission, as is elaborated in this report.

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