Islamic Banking and Finance Organizations



Islamic Research and Training Institute (IRTI)

The Islamic Research and Training Institute was established in 1981 in Saudi Arabia. The institute provides training activities organized within the "Task Force on Training (Preparing the Ummah for the 21st Century)", and on "Special Program of Promoting Zakat & Awqaf in Sub-Saharan African Countries". The institute has vast history of doing research in the area of Islamic banking and finance. The institute has developed the database on Islamic banking information system, awqaf database (in Arabic language), its own publication system which are downloadable free of cost in addition to providing scholarships to scholars engaged in the development of Islamic banking and finance especially in PhD throughout the globe.  It has a vast history of providing current news and organizing conferences in the world on contemporary issues. Actually IRTI is a member of Islamic Development Bank Group.

What is available in IRTI website?
Websites provides information related to all important activities related to the promotion of Islamic banking and finance in the world. It provides free downloadable books, e-learning programs where data is available in PowerPoint presentation, word and PDF. Research scholars pursuing research on Islamic banking, finance and economics are provided scholarship through IRTI and the same information is available in the website in addition to other prizes provided by the institute. The most important about the website is information about financial institutions. For more information, please visit:







International Association of Islamic Economics (IAIE)

The International Association for Islamic Economics was established in 1984 as an educational and professional organization with the objective of promoting the study and application of Islamic economics, banking and finance. It involves the reconstruction of economic and finance theory and practice in the light of Islamic principles. The Association, thus, aims to develop an integrated approach to economics while welding together the material aspects of economic life with Islamic values and norms. Membership is open to academics, professional financiers and bankers, and students who are interested and involved in Islamic Economics, banking and finance, and agree with the aims and objectives of the Association.

What is available in IAIE?
The International Association of Islamic Economics provides data through e-library, in which some research papers of eminent scholars like Dr Hussain Hassan, Dr Mabid Al Jarhi, and Dr Mohammad Obaidallah in addition to different papers on current financial crisis. The website also provides current news related to Islamic banking and finance in addition to other details. For more information, please visit:

Islamic Cooperation for the development of the Private Sector was established in 1999 and is based in Saudi Arabia. ICD is an independent international multilateral financial institution created for the development of its Member Countries through investment in the private sector and the provision of financial services to that private -sector entities.   The new entity is a fully-fledged international independent institution.

What is available in ICD?
ICD extends lines of financing to commercial banks and national development financial institutions. The slogan of the ICD is Innovation, Solidarity and Development, which this organization does in different parts of the world. It provides shariah complaint finance to commercial banks and national development financial institutions. It provides information related to different projects done from the past. For more information, please visit:


Islamic Society for Institutional Economics (I-SIE) is an academic/research oriented non-profit body with motivation to promote intellectual and scientific discussions and research on institutions of Islam in the framework of New Institutional Economics. The main function of the society is Sponsor/support research projects, Ph.D thesis on the Institutional Economics of Islam, in addition to other important work.

What is available is I-SIE?

I-SIE is the website of renowned Muslim economist Dr M Fahim Khan who is from Pakistan. The website provides free downloadable research papers on Islamic banking and its contemporary issues. The website is managed by Islamic experts like Dr. M. Fahim Khan, Dr. Omar Hafid, Dr. Nasim Sherazi and Mr. Muqeem ul Islam. The society also provides consultancy services, PhD/MPhil support, membership in the society in addition to useful links of institutional economics. For more information, please visit:



Islamic economics Institute was established in 1977. The institute s engaged in the research on Islamic banking and finance and has hosted seven international conferences till 2009. The institute has eminent scholars from different parts of the world and are busy in the research work on the Islamic banking and finance. Prof. Ahmed Saied Bamakhrama, Prof. Abdurraheem Al-Saati, Dr. Rafic Yunus Al-Masri, Dr. Abdulazim Azeemulhaq Islahi, Dr. Abdullah Mohammed Seidu, Dr. Ahmed Mahdi Belouafi, and Dr. Abderrazak Saied Belabes are the renowned scholars presently in the institute.

What is available in Islamic Economics Research Centre?
The Islamic Economics Institute provides a vast knowledge about the researches done by it and also many papers are available in the website. As the website provides free downloadable books and research papers published by the centre either in the form of books or in the form of its annual journal publications. Publications in the journal are available from 1985-2009. The research papers presented in seven international conferences organized by the institute are available for free download in two languages that is English and Arabic. In addition to it the institute has provided useful links for the Islamic finance research. For more infirmation, please visit:







Islamic Banking and Financial Network (IBF NET)

IBF is a global network of students, researchers, bankers, and financial professionals interested in Islamic banking and finance. It is situated in India and established in 1999. IBF claims that it has more than 5,000 members throughout the world. The institute offers highly acclaimed professional certification programmes.

What is available in IBF NET?

In IBF NET details’ regarding its different courses is available, in addition to different downloadable books related to Islamic banking and Islamic microfinance. Some books/articles are freely downloadable while some are not not. The most important information in the website. For more information, please visit:







Bahrain Institute of Banking and Finance (BIBF)

BIBF was started in 1981 (in Manama, kingdom of Bahrain) the objective is to provide training for the banking community in Bahrain. Due to its progress, it is today recognized as important international training and development institute. The institute today provides training with international recognized institutions, for the development of Islamic banking and finance.

What is available in BIBF?
The institute provides different courses in banking, Islamic finance, insurance, management, accounting etc. The institute has its library and assessment centre. A complete detail about the fess and courses is available in the website. For moe information, please visit:







Institute of Islamic Banking and Insurance (IIBI)

The IIBI was started in 1991 in London, and helps in training, research and professional development so that to promote the Islamic banking in the world. The institute also provides contributions, donations and other payments to empower the people to improve the lives. The institute’s one of the objectives is to provide independent Shari’ah audit of management processes and validation of Shari’ah-compliant products developed by financial institutions.

What is available in IIBI?
The IIBI has its monthly publication “New Horizon” and provides distance learning post Graduate diploma in Islamic banking and insurance, in addition to consultancy services. The information related to publications, seminars, shariah rulings and links are the main findings in the website. For more information, please visit




Islamic is an important and most searched website after IRTI. This sis a big database of kreatoc limited and is from London. The foundation of the website was laid down in 1997 and is claimed to be the world’s first website dedicated for the promotion of Islamic finance. The website is known by its latest articles on Islamic banking and finance.In short, information related to research, institutions, glossary, books, jobs, and market eye are its main areas.

What is available in Islamic
The most important information available in the website is the registration of all the scholars who are interested in Islamic banking or have done some research on the Islamic banking and finance from more than forty countries. All research scholars have registered in this website and the information related to the topic of their research is also available in the website, this information is not available in any other website. The website also provides information related to latest articles on the Islamic banking and finance. In short, information related to research, institutions, glossary, books, jobs, and market eye are its main areas
. For more information, pleas visit:




Islamic Financial Service Board was established in 2002 and is based in Kuala Lumpur Malaysia. The members of the board are from different parts of the world. Eminent personalities are in its technical Committee, working groups, task force and in editing committee. The board has many objectives like to promote the development of a prudent and transparent Islamic financial services industry through introducing new, or adapting existing, international standards consistent with Shari’ah principles, and recommending these for adoption in addition to provide guidance on the effective supervision and regulation of institutions offering Islamic financial products. The aim is to develop the criteria in the Islamic financial services industry for identifying, measuring, managing and disclosing risks, taking into account international standards for valuation, income and expense calculation, and disclosure. IFSB facilitate the development of Islamic financial service industry by conducting seminars and workshops in different parts of the world throughout the year.

What is available in IFSB?
Islamic Financial Service Board Website contains different standards developed by it, list of members of the board. The website also provides a list of workshops and seminars the board is going to organized in different parts of the world. One can download from the website its published standards, exposure drafts and other documents in both English and in Arabic language.
For more information, please visit:





International Central for Education in Islamic Finance (INCEIF)

INCEIF was established in 23rd March 2006 in Kuala Lumpur Malaysia and provides education in Islamic banking and finance from diploma to PhD degree. It is a university dedicated in the development of Islamic banking and finance knowledge among the students. INCEIF believes that Islamic banking is not for Muslim-majority countries, this industry has expanded into a viable and vibrant component of the global financial system. Right at the very heart of the global Islamic banking and financial services is Malaysia. The country boast a comprehensive Islamic financial and banking system that includes Islamic banks, Takaful operators, money market, capital market, fund management and other financial services providers. This healthy environment has helped boost the country’s standing in the global Islamic finance scene tremendously. With its rapid growth, it is undeniable that the development of the talent and expertise in Islamic finance and banking industry is necessary to drive innovation and to raise the performance of this industry to greater heights. Realising this, the International Centre for Education in Islamic Finance (INCEIF) was established.





Islamic Banking and finance Institute Malaysia

IBFIM has started its work from February 2001 in Kuala Lumpur Malaysia and is designated as an industry-owned institute dedicated to producing well-trained, high competence personnel and executives with the required talent in the Islamic finance industry.  The institute’s thrust is to increase the pool of bankers and takaful operators who are knowledgeable and competent, efforts are being directed to promote human capital development to support the envisaged growth of the industry via establishing an industry-owned institution on Islamic banking and finance dedicated to train and supply a sufficient pool of Islamic bankers and takaful operators as required by the industry. Currently Y. Bhg. Tan Sri Dato’ Azman Hashim is the chairman of the Istitute. In Shariah Panel the institute has Sheikh Essam M. Ishaq, Prof. Dato' Dr. Sano Koutoub Moustapha, Mohd Bakir Haji Mansor, Mohd Nasir Ismail and Muhammad Hadi Abdullah, who are dedicated to promote the Islamic banking industry as per Quran and Sunnah.

What is available in IBFIM?
The website of the institute is managed in a good form, as the website homepage is divided into five sections and each section provides information related to a particular interest.  Training and professional development, shariah advisory and audit, conference information, business advisory and development, knowledge management centre are the areas where information can be had from the website. Shariah scholars’ induction program ids the unique feature of the institute. For more information, please visit:









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