The IFSB disseminates data of 2019Q3 for Islamic banking systems in member countries

11 February 2020, Kuala Lumpur, Malaysia – The Islamic Financial Services Board (IFSB) is pleased to announce the dissemination of country-level data on financial soundness and growth of the Islamic banking systems for Q3 of 2019 from IFSB member jurisdictions. This 15th dissemination completed the availability of quarterly data from Q4 of 2013 to Q3 of 2019. This PISIFIs project currently involves compilation of data from Afghanistan, Bahrain, Bangladesh, Brunei, Egypt, Indonesia, Iran, Jordan, Kazakhstan, Kuwait, Lebanon, Libya, Malaysia, Nigeria, Oman, Pakistan, Palestine, Qatar, Saudi Arabia, Sudan, Turkey, the United Arab Emirates and the United Kingdom.

The Secretary-General of the IFSB, Dr. Bello Lawal Danbatta stated, “This database project has come to its advanced phase (Phase IV:2017-2019), extending the number of reporting countries from 17 to 24 on regular dissemination of Islamic banking database.” In this regard, he appreciated the continued support of the Task Force members for timely collection and dissemination of the data. He further mentioned, “The IFSB has started implementation of a newly launched 3-year phase (Phase V), beginning 2020 as approved by the IFSB Council on 11 December 2019 with the objective of enhancing the database to new echelons by introducing new databases for takaful and Islamic capital market.”