IsDBI and International Islamic Financial Market Discuss Collaboration

12 Feb, 2023

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The Islamic Development Bank Institute (IsDBI) hosted the International Islamic Financial Market (IIFM) for a bilateral meeting on 7 February at the IsDB headquarters in Jeddah, Saudi Arabia. The meeting provided an excellent opportunity for both partners to discuss a range of technical issues to continue supporting the harmonization efforts in the global Islamic finance industry.

During the meeting, Dr. Sami Al-Suwailem, Acting Director General, IsDBI, assured of the Institute’s unwavering support to the mandate of IIFM.

Dr. Al-Suwailem, together with Dr. Mansur Noibi, Director Legal at IsDB and Member of IIFM Board, agreed to collaborate with IIFM on projects related to documents standardization in the Islamic Syndication Market as well as training and capacity development programs related to legal contracts standardization.

In his remarks, Mr. Ijlal Ahmed Alvi, Chief Executive Office of IIFM, greatly appreciated the Institute and the IsDB Group overall for the on-going support and mentorship to IIFM since its inception. He further outlined IIFM’s current work streams and invited the Institute to collaborate on some of the projects.

The meeting was supported by technical teams from both institutions namely: Mr. Yahya Aleem ur Rehman, Team Leader, Knowledge Leaders, and Mr. Syed Faiq Najeeb, Senior Islamic Finance Specialist at IsDBI, and Mr. Zarrar Sayyed, Officer, Documents Control, IIFM.

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