MANAMA, Bahrain – Wednesday, 21 January 2026: The International Islamic Financial Market (IIFM) is taking a decisive step toward enhancing market efficiency and liquidity management across the global Islamic banking industry. Today, the IIFM convened its esteemed Shari‘ah Board to deliberate on Syndicated Murabahah Financing Standard Agreements, with Ijarah Syndicated Financing standards set to follow. This initiative aligns perfectly with the IIFM’s 2026 and beyond strategic vision and mandate by standardizing key liquidity management instruments that appeal to a broader global market and enhance accessibility.
“Syndication is vital for funding large-scale projects, yet current fragmentation remains a key challenge for cross-border transactions, IIFM is addressing this head-on. We are immensely grateful for the invaluable guidance of our distinguished Shari‘ah Scholars, who ensure every operational efficiency is rigorously anchored in the highest principles of Shari‘ah compliance”. Said Dr. Ahmed Rufai, Acting CEO, IIFM.
Stay tuned for future updates as IIFM continues to drive innovation and Shari‘ah harmonization within the industry.