OIC/COMCEC/36-20/REP
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Sessions and also requests SESRIC to continue to carry out statistical training activities
with a focus on prioritized SDGs for the benefit of National Statistical Offices of the
Member States within the framework of its Statistical Capacity Building (StatCaB)
Programme.”
121- Takes note of the list of SDGs-related activities of the relevant OIC Institutions
compiled by the COMCEC Coordination Office towards the implementation of the
SDGs in the Member Countries and calls upon the Member Countries and relevant OIC
Institutions to actively participate in these activities.
122- Requests the COMCEC Coordination Office to compile the relevant OIC
Institutions’ activities aligned with the prioritized SDG areas and submit the list to the
37th Session of the COMCEC.
Deepening Financial Cooperation (Agenda Item: 11)
123- Taking note with appreciation of the convening of the 14th Meeting of the
COMCEC Financial Cooperation Working Group virtually on September 15th, 2020
with the theme of “Improving Shariah Governance Framework in Islamic Finance”,
welcomes its following policy recommendations;
 Developing a comprehensive legal and regulatory framework for the Shariah
Governance processes and arrangements to ensure that all the operations and
business activities in Islamic Finance are in accordance with Shariah.
 Encouraging the establishment of national Shariah Supervisory Boards (SSBs)
supervising the institutional SSBs.
 Developing guidelines for ensuring/facilitating the active involvement of
Investment Account Holders (IAHs) in IFIs’ management in accordance with
their contribution to the investment pool.
 Encouraging talent development through training and professional certification
programs and increasing the awareness of stakeholders about Shariah
Governance.
 Promoting the integration of Islamic Finance sector into whole economy with a
view to making monetary policy more inclusive.
(Ref: Document Code OIC/COMCEC/…..)
124- Calls upon the Member States which have registered to the COMCEC Financial
Cooperation Working Group to actively participate in its 15th Meeting to be held with
the theme of “The Role of Islamic Finance in Supporting Microenterprises and SMEs
against COVID-19”, in 2021 and also calls upon the Member States, which have not
done so yet, to register to the COMCEC Financial Cooperation Working Group.
125- Commends the efforts of Brunei Darussalam, Malaysia, Nigeria and Sierra Leone
for the following projects to be implemented in 2021 under the seventh project call
within the framework of the COMCEC Project Funding: