23rd April 2026, Manama, Bahrain – The journey toward standardized Global Islamic Syndication has reached its definitive conclusion. Today, the IIFM Shari‘ah Board convened for its final meeting to officially conclude the Shari'ah deliberation on the IIFM Standard Master Murabahah Agreement (For Syndicated Financing). This landmark initiative stands as a cornerstone of IIFM’s 2026 strategic vision, eliminating market fragmentation and unlocking vital liquidity for large-scale global projects.
"We have reached the culmination of a truly transformative process," says Dr. Ahmed Rufai, Acting CEO of IIFM. "Our distinguished Shari’ah Scholars have meticulously ensured that operational efficiency and Shari'ah integrity are perfectly aligned, paving the way for the official launch of these industry-defining standards."