Islamic Development Bank Institute Finalises Development Phase of its Islamic Finance Country Assessment Framework 

The Islamic Development Bank Institute (IsDBI), the knowledge subsidiary of the Islamic Development Bank Group (IsDB Group), has announced the completion of the development phase of its Islamic Finance Country Assessment Framework (IF-CAF), as per a press release issued on the 5th of September 2022.

Why it Matters?

The IF-CAF is a diagnostic assessment tool that examines a country's existing laws, regulations, supervision, taxation, governance, financial inclusion, and financial sector digitalisation, among other elements, to provide an early indication of its Islamic finance ecosystem’s strengths and weaknesses. According to Dr. Sami Al-Suwailem, Acting Director General of IsDBI and Group Chief Economist, through its “developmental”...