About International Islamic Financial Market (IIFM)
IIFM is a global standard-setting body of the Islamic Financial Services Industry (IFSI) focusing on standardization of Shari’ah-compliant financial contracts and product templates. IIFM is based in Bahrain and was established under Royal Decree No (23) Year 2002 of the Kingdom of Bahrain as a neutral and non-profit international Islamic infrastructure institution created by the collective efforts of the Central Bank of Bahrain (CBB), Islamic Development Bank, Bank Indonesia, Bank Negara Malaysia (represented by Labuan Financial Services Authority), Central Bank of Sudan and Brunei Darussalam Central Bank. Besides the Founding and Permanent Members, IIFM Board of Directors consist of Islamic and international banks namely Kuwait Finance House, Dubai Islamic Bank, Saudi National Bank, Bank ABC Islamic, Standard Chartered Bank Saadiq, BNP Paribas, National Bank of Kuwait and GFH Financial Group. IIFM is also supported by certain regulatory and government bodies such as State Bank of Pakistan, National Bank of Kazakhstan and DIFC Authority as well as by a number of international and regional financial institutions and other market players active in Islamic finance.
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- Headquarters
- Bahrain
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