Islamic finance body IFSB to develop financial inclusion guidance

Kuala Lumpur

The Malaysia-based Islamic Financial Services Board (IFSB) said on Wednesday it will develop a technical note on financial inclusion, aiming to widen the reach of Shariah-compliant banking to low-income consumers. The technical note from the IFSB, one of the main standard-setting bodies for Islamic finance, will cover regulatory issues including Islamic microfinance, financial technology and integration of social finance.—Reuters

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