IMF launches consultation with external advisors on Islamic finance

International Monetary Fund headquarters

The International Monetary Fund (IMF) has launched consultations with an external advisory group on Islamic finance amid its annual meetings in Washington, DC, it revealed yesterday.

The IMF's Interdepartmental Working Group on Islamic Finance (IDWGIF) held its first external advisory meeting on October 9 to discuss "key policy issues" and the development of sukuk markets.

The external advisory group will "support" IMF efforts to "meet the increased demand of its membership for policy advice and

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