1. Astana Islamic Economy Forum (AIEF) 4 July 2018 Astana, Kazakhstan
IFSI STABILITY REPORT 2018
Astana Islamic Economy Forum (AIEF)
4 July 2018
Astana, Kazakhstan
Dr Bello Lawal Danbatta
Secretary General

2. IFSB ISLAMIC FINANCIAL SERVICES INDUSTRY STABILITY REPORT
Platform for the IFSB to engage on topical issues with its stakeholders and for sharing findings of recent IFSB standards, research, and other publications
The Report seeks to highlights and analyse issues that pose current and future challenges to the stability of the global Islamic finance services industry especially in IFSB’s member jurisdictions

3. DATA SOURCES
A key feature of the Report is it utilises data from the IFSB’s Prudential and Structural Islamic Financial Indicators (PSIFIs) database for the Report’s Islamic banking sector analysis.
The use of this data enriches the Report by providing:
Enhanced reliability of data which is collected directly from regulatory and supervisory authorities of respective jurisdictions
Provides wider geographical coverage, with data covering 21 countries comprising approximately 98% of global IFSI assets (covering Islamic banking, takaful and Islamic capital markets)
Holistic assessment of industry’s resilience with over 50 indicators for various sectors that take into account unique characteristics of Islamic finance

4. GLOBAL ISLAMIC FINANCE ASSETS
The Report provides an analysis of trends in the growth and development of the Islamic banking, Islamic capital markets and Takaful sectors
Breakdown of Global IFSI by Sector and by Region (USD billion, 2017)
After two years of marginal increases, the IFSI returned to strong growth of 8.3% and its total worth slightly surpassed the USD 2 trillion mark

5. ASSESSMENT OF THE RESILIENCE OF THE ISLAMIC FINANCIAL SYSTEM
The Report provides an assessment of the resilience of the Islamic financial system ..technical analysis of selected soundness indicators for the three sectors Identifies the main risk factors and vulnerabilities facing the IFSI in the context of current global economic conditions…. …..and highlights the relevant issues for policy planning and remedial initiatives by the industry stakeholders

6. EMERGING ISSUES IN ISLAMIC FINANCE
The Report highlights selected emerging issues in Islamic finance….
The 2018 report looks at the:
….providing a comprehensive analysis of the diversity of the legal infrastructure and Sharīʿah governance frameworks as applied in various jurisdictions.
Legal Infrastructure and Sharīʻah Governance Framework

7. PREVIOUSLY COVERED EMERGING ISSUES…
IFSI SR 2017: Fintech and Islamic Finance; and Stress Testing for Islamic Banks
IFSI SR 2016: Cross-Sectoral Links, RCAP and AML/CFT
IFSI SR 2015: Financial consumer protection in Islamic finance
IFSI SR 2015: Global Islamic finance database for financial stability
IFSI SR 2014: New Markets, New Frontiers: Prospects and Role of Islamic Finance In Africa
IFSI SR 2013: Consumer protection, Microfinance, Financial Inclusion and Responsible Investment

8. BOX ARTICLES International Islamic Liquidity Management Corporation
Collaboration with other organizations:
Box articles contributed by…..
International Islamic Liquidity Management Corporation
…. on regulators’ response towards specific market enhancement: A case study of the IILM
Autoriti Monetari Brunei Darussalam
…. on the development of Islamic finance in Brunei Darussalam
Central Bank of Oman
….on the development of its Islamic banking sector

9. Link to download the report
Thank you