On 23 November 2020, the Islamic Financial Services Board (IFSB) published its third set of FAQs on the following standards:

  • Guiding Principles on Corporate Governance for Institutions Offering Only Islamic Financial Services (IIFS) (IFSB-3).
  • Guiding Principles on Governance for Islamic Collective Investment Schemes (ICIS)” (IFSB-6).
  • Standard on Risk Management for Takāful Undertakings (IFSB-14).
  • Technical Note on Financial Inclusion and Islamic Finance (TN-3).

These FAQs are aimed at enhancing the implementation of the four IFSB standards among IFSB member jurisdictions through presenting clarifications and explanative directions on the issued standards.