The International Association of Deposit Insurers (IADI), the Islamic Financial Service Board (IFSB), and the Arab Monetary Fund (AMF), jointly held a webinar on the Core Principles for Effective Islamic Deposit Insurance Systems (CPIDIS) on 2 June 2021. The virtual event seeks to encourage an understanding of the key elements of the CPIDIS and promote the adoption of the CPIDIS.

CDIC Executive Vice President Ms. Yvonne Fan, Chairperson of IADI's Core Principles and Research Council Committee (CPRC), was invited to participate as a speaker in the opening session at the webinar. Ms. Fan provided an overview on the "General and specific approaches of the CPIDIS", offering some context on how this project came to be, what its development entailed within the IADI, future work yet to be done within the CPRC for the CPIDIS.

IADI and IFSB signed a Memorandum of Understanding (MoU) in 2018, to jointly develop the CPIDIS which is scheduled to joint publication by both parties in June 2021. CPIDIS will enable deposit insurance providers to identify gaps in their existing deposit insurance practices, and facilitate assessment on the effectiveness of their Islamic deposit insurance systems.

The IFSB is an international standard-setting organization of Islamic financial services industry. The AMF is a regional working sub-organization of the Arab League.

Screenshot of CDIC Executive Vice President Ms. Yvonne Fan delivering a speech in the Joint IADI IFSB AMF Webinar on the CPIDIS