Islamic Finance
Islamic Finance Advisory Board (IFAB)
The Islamic Finance Advisory Board (IFAB) is a high-level expert platform established to support the strategic development of Islamic finance within the AIFC and across Central Asia. The Board brings together respected global practitioners and scholars to provide independent guidance, international benchmarking, and forward-looking recommendations on key areas of industry development.
Core Functions
Strategic Advisory
Advising on the development of Islamic finance strategies and policies within the AIFC, including guidance on priority areas such as Islamic banking, capital markets, takaful, Islamic fintech, and sustainable (ESG) finance.
Regulatory and Policy Review
Reviewing and providing expert feedback on draft laws, regulations, and policy amendments related to Islamic financial activities in the AIFC, including the enhancement of the AIFC Shariah Governance Policy.
International Engagement
Facilitating cooperation with leading Islamic financial institutions, investors, and global standard-setting bodies, including AAOIFI, IFSB, and the Islamic Development Bank (IsDB), to ensure alignment with recognised international best practices.
Ecosystem and Market Development
Supporting the development of a competitive and innovative Islamic finance ecosystem by promoting digital transformation, fostering Islamic fintech initiatives, and encouraging the introduction of new Shariah-compliant financial products.
Contact
Islamic Finance team, AIFC Authority
[email protected]
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