Joint Islamic Finance Task Team (IFTT)

The joint Islamic Finance Task Team (IFTT) will advise the Inter-secretariat Working Group on National Accounts (ISWGNA) and the IMF’s Committee on Balance of Payments Statistics (BOPCOM) on methodological issues related to Islamic finance in the context of the work related to the updates of the System of National Accounts 2008 (2008 SNA) and the sixth edition of the Balance of Payments and International Investment Position Manual (BPM6).

The IFTT will be operational mostly throughout the Phase I of the update process (April 2020–September 2021). However, the IFTT may also be consulted during Phase II (drafting of the 2025 SNA and the BPM7 chapters) on an as-needed basis, should any significant issues arise during the worldwide consultation process.

Further details on the mandate and operations; guidance notes and working procedures; composition; and key issues to be addressed by the FITT are provided in the Terms of Reference.

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Draft Guidance Notes for Global Consultation

The purpose of this global consultation is to receive feedback from worldwide compilers/users of macroeconomic statistics not involved in the update process, with a view to informing further the proposals to be presented for formal approval to the IMF’s Committee on Balance of Payments Statistics (BOPCOM)/Advisory Expert Group on National Accounts (AEG). Each GN will be available for a period of four-weeks for global consultation after its posting on this webpage. Please refer to the BPM6 Update: Compendium of Research Issues for the full list of topics on which GNs will be prepared by the BPM6 Update Task Teams and made available for global consultation.

If you want to provide comments on a GN, please click the accompanying link to access the survey.

IF.1 Islamic Finance in the System of National Accounts and External Sector Statistics (Survey on this Guidance Note closed on January 25, 2022)

Draft Guidance Note IF. 1 (English)

Draft Guidance Note IF. 1 (Arabic)

Copy of Survey for GN IF. 1 (English)

Copy of Survey for GN IF. 1 (Arabic)