SESRIC participated as a panellist in the Webinar on “Statistical Treatment of Islamic Finance in the National and International Accounts” organised virtually by United Nations Economic and Social Commission for Western Asia (UNESCWA) in coordination with the Joint Task Team on Islamic Finance (IFTT) and United Nations Statistics Division (UNSD) on 16 December 2021.

During the Webinar, Dr. Atilla KARAMAN, Director of Statistics Department, presented a summary of the SESRIC Report titled “Current Practices of OIC Countries on Islamic Banking and Finance Data: Results of the SESRIC Survey” published in 2019 by focusing on the “Needs Assessment of Capacity Building on Islamic Banking and Finance Statistics” as well as informed the participants about the Islamic Banking and Finance indicators hosted at the OIC Statistics Database (OICStat).

The Webinar was organised with a view to informing compilers about the progress on the Islamic Finance Guidance Note developed by IFTT under the SNA and BPM update programme, introducing the research topics of the Islamic finance, exchanging views on the user demand on the new recommendations and exploring potential volunteers for the early implementation of the new recommendations and the experimental testing.

The IFTT has been established by the Inter Secretariat Working Group on National Accounts (ISWGNA) and Committee on Balance of Payments Statistics (BOPCOM) to carry out further research and develop methodology/guidance on the treatment of Islamic finance in national accounts and external sector statistics.

For more information, please visit: https://www.unescwa.org/events/statistical-treatment-islamic-finance-national-and-international-accounts