International Islamic Financial Market

International Islamic Financial Market (IIFM) was founded with the collective efforts of the central banks and monetary agencies of Bahrain, Brunei, Indonesia, Malaysia, Sudan and the Islamic Development Bank based in Saudi Arabia, as an infrastructure institution with the mandate to take part in the establishment, development, self-regulation and promotion of Islamic Capital and Money Market.

IIFM’s primary focus lies in the advancement and standardisation of Islamic financial instrument structures, contracts, product development and infrastructure; and the issuance of guidelines and recommendations for the enhancement of Islamic Capital and Money Market globally. In addition, development of the global primary and secondary Islamic capital and short term financial market and the creation of a market for Islamic financial instruments is a key area for IIFM.

IIFM benefits to the Islamic Financial Services Industry:

Market Body: IIFM forms a link between Islamic Financial Market participants and regulatory bodies on the Islamic Capital and Money Market segment of the industry, where its Working Groups structure brings market participants onto a common platform with support from regulatory institutions.

Wider Shari’a Acceptance: Wider Shari’a acceptance through access to other neutral Shari’a Boards

Self Regulation: Members will benefit from recommendations, guidelines and best practices on Primary and Secondary market issues

Uniformity and Standardisation: The production of unified documentation frameworks and product development creates cost reduction for all IFI’s together with improved transactional security.

Knowledge sharing: IIFM promotes active participation of both Islamic and Islamically-interested institutions, and industry professionals, for the exchange of knowledge and expertise on a global basis through IIFM’s specialised forums and workshops on Islamic Capital and Money Market.

Systems Development: IIFM advises on the integrity and compliance of a variety of Islamic financial infrastructures.

Islamic Capital &
Money Market
Unification
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