PUBLIC HEARING ON IFSB EXPOSURE DRAFTS

Tuesday 5th May 2009

"To promote the development of a prudent and transparent Islamic financial services industry through introducing new, or adapting existing, international standards consistent with Shari`ah principles, and recommend these for adoption."
Article 4 (a) - IFSB Article of Agreement on the Objectives of the IFSB

The Public Hearing on IFSB Exposure Drafts is held within the Public Consultation period of a proposed draft standard, which is part of the due process in the IFSB preparation of standards. This preparation of standards follow a lengthy due process as outlined in the IFSB Guidelines and Procedures for the Preparation of Standards/Guidelines which involve, among others, the issuance of exposure draft and, where necessary, the holding of a public hearing.