The IFSB Issues Exposure Draft on Investor Protection for Public Consultation

The Islamic Financial Services Board (IFSB) issued an Exposure Draft (ED-24) of a Standard on Guiding Principles for Investor Protection (IP) in Islamic Capital Markets (ICMs) on the 24th of March 2020. The IFSB expects to receive comments from regulatory and supervisory authorities, international organisations, institutions offering Islamic financial services, academics and other interested parties.

ED-24 has been issued with the objectives of addressing the Shariah-specific issues that need to be considered within regulatory frameworks for IP, defining the best practices for IP in ICMs, supporting the development of IP frameworks for ICMs and increasing harmonisation of regulatory practices to support the development o...