The Manila-based Asian Development Bank (ADB) has signed an agreement with the Islamic Financial Services Board (IFSB) to help member countries adopt the IFSB’s prudential standards.
The five-year agreement, signed earlier this week, will see the ADB support member countries in legal and regulatory aspects of meeting the IFSB’s standards, Ashraf Mohammed, assistant general counsel at the ADB, told Reuters………………………………………..Full Article: Source