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.