IMF to separate Islamic finance in SNA/BPM

The International Monetary Fund (IMF) plans to provide separate categories for Islamic finance in its next update to the System of National Accounts (SNA25) and Balance of Payments Manual (BPM7). This is a positive step in enhancing data quality, comparability and transparency, Fitch Ratings says.

Fitch does not expect an impact on headline national accounts or balance-of-payments data, as the methodological exercise’s main purpose is to disaggregate Islamic finance activities.

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