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Report suggests 8 building blocks to promote financial stability

Posted on 19 April 2010

From Arabnews.com: The “Islamic Finance: Global Financial Stability Report” presented last week in Khartoum, by its joint publishers, the Islamic Financial Services Board (IFSB), the Islamic Development Bank (IDB) and the Islamic Research and Training Institute (IRTI), suggests eight building blocks in three key areas to promote financial stability in the global Islamic financial industry.

In addition, it recommends the establishment of an Islamic Financial Stability Forum (IFSF) which would essentially “be a broad-based and constructive strategic platform for IFSB members to achieve the primary objective of building cross-border dialogue in efforts to promote financial stability within the Islamic financial system.”………………………………….Full Article: Source

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