Workshop on Islamic Finance in the National Accounts

The Statistics Division of the United Nations Department of Economic and Social Affairs and the Statistics Division of the United Nations Economic and Social Commission for Western Asia (ESCWA) are organizing a “Workshop on Islamic Finance in the National Accounts”.
The workshop will bring together representatives from the national statistical offices and other organizations of countries where Islamic finance is important. It aims to increase the capacity of participating countries on the statistical treatment of Islamic finance in the national accounts. The workshop will address proposals on how to sectorize Islamic financial institutions, classify and record Islamic financial instruments and the corresponding property income and related transactions; and calculate and record the output of Islamic financial services. Participants will share country practices in the compilation of statistics on Islamic finance and the challenges and issues involved. Experts from regional and international organizations and individual experts will also be invited to participate as resource persons.
The specific expected accomplishments are:

• Increased knowledge of national statisticians and central bank experts, where relevant, of the differences between Islamic finance and conventional finance and the implications for the national accounts.
• Increased skills and knowledge of national statisticians and central bank experts, where relevant, in the statistical treatment of Islamic finance in the national accounts.
• Strengthened capacity within countries with Islamic finance to improve their compilation of national accounts data.

1- Meeting Details

• Information Note
• List of Participants
• Agenda
• The Final Report

2- Meeting Documents

•  Islamic Banking in System National Accounts 2008 “Proposals by various experts”
• System National Accounts Treatment of Islamic Windows of Conventional Banks
• Some Notes on Islamic Finance in the National Accounts
• Monetary and Financial Statistics Manual and Compilation Guide
   

3- Organizations Presentations
 

• Reporting practices of Islamic financial institutions in the BIS locational banking statistics
• Islamic Financial Industry Information (IFII)
• Conceptual issues in Measuring Islamic Finance National Accounts (Discussion Paper for Comments)
• Conceptual Issues in Measuring Islamic Finance in National Accounts (Presentation)
• IFSB Role in Islamic finance in the System National Accounts
• Islamic Bank Income Statement and Balance Sheet
• Sectorization of Islamic Financial Corporations and Windows
• Classification of property income associated with Islamic financial services
• Islamic finance in the System of National Accounts: What needs to be done
• Output of Islamic Financial Services
• Islamic Banking in the UAE
• A Review of the Discussion on Islamic & Traditional Banking Products
• Islamic Financial Institutions and Instruments in Macroeconomic Statistics
• Islamic Finance ‐ Lebanon
• The Project on Developing Islamic Finance Industry Database for OIC Member Countries

4- Countries Presentations

• Afghanistan Islamic Banking Service
• Compilation and estimation of Islamic finance statistics: Malaysia Experience
• Compilation of The Production of Banking Activity, Case of Côte D’Ivoire
• National Accounts in Suriname With a Special Focus on The Banking Sector
• Development of Islamic Financial Institution in Indonesia
• Islamic Finance in National Accounts - Bangladesh
• Islamic Finance in National Accounts‐ Palestine
• Islamic Finance in National Accounts‐ United Arab Emirates
• Islamic Finance in National Accounts‐ Jordan (Arabic)
• Islamic Finance in National Accounts‐ Uganda
• Islamic Finance in National Accounts‐ Morocco
• Kuwait's experience with Islamic banks
• Islamic Finance in National Accounts‐ Egypt (Arabic)
• Islamic finance in national accounts – Sudan (Arabic)
• Islamic finance in national accounts – Yemen (Arabic)