The Joint Islamic Finance Task Team (IFTT) deals with issues arising from the need for the further integration of Islamic finance and related principles/concepts into macroeconomic and financial statistics, necessitating the development of additional methodological and practical guidance within the framework of the revision.
Further details on the mandate and operations; guidance notes and working procedures; composition; and key issues to be addressed by the IFTT are provided in the Terms of Reference.
After an initial draft of the guidance note is approved by the AEG and Balance of Payments Task Team, guidance notes will be posted for Global Consultation to receive feedback from worldwide compilers and users of macroeconomic statistics. The outcome of the consultation is further informing the proposals to be presented for formal endorsement to BOPCOM and AEG/ISWGNA. Endorsed guidance notes will be considered for the update of the 2025 SNA and BPM7.