MANAMA: Bahrain-based General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions, announced it has submitted its recommendations on disclosure in relation to Islamic capital market products to Malaysia-based Islamic Financial Services Board (IFSB).
IFSB is an international standard setter and the recommendations pertain to Exposure Draft-19: Guiding Principles on Disclosure Requirements for Islamic Capital Market Products (Sukuk and Islamic Collective Investment Schemes) (ED19) .