The document "WP-26: Transitioning from London Interbank Offered Rate (LIBOR) to Risk-Free Rates (RFRs): Early Policy Responses in Selected Jurisdictions" examines the shift from LIBOR to RFRs in the context of Islamic financial services. It focuses on early-stage policy measures adopted by regulatory and supervisory authorities (RSAs) to mitigate challenges arising from this transition. The paper utilizes a qualitative approach based on survey questionnaires, gathering insights into challenges related to LIBOR's use, exposures, fallbacks, RFRs application, transitioning risks, and regulatory challenges. It aims to understand the impact on Islamic banks and the additional roles IFSB can play in this transition.