International Islamic Financial Market
The International Islamic Financial Market (IIFM) is the global standard setting body for the Islamic Capital & Money Market segment of the Islamic Finance industry. Its primary focus lies in the standardization of Islamic products, documentation and related processes.
IIFM was founded with the collective efforts of Central Bank of Bahrain, Central Bank of Indonesia, Central Bank of Sudan, Labuan Offshore Financial Services Authority (Malaysia), Islamic Development Bank (Saudi Arabia) and Ministry of Finance Brunei Darussalam. Besides founding members IIFM is also supported by its permanent members namely State Bank of Pakistan and Dubai International Financial Centre (UAE). Furthermore, it is also supported by a number of regional and international financial institutions as well as other market participants as its members.