IIFM (International Islamic Financial Market)

The International Islamic Financial Market (IIFM) is an organization that develops and promotes standards for Islamic finance products and transactions worldwide. It provides a common framework to ensure that financial activities comply with Shariah principles, which prohibit interest and promote ethical investing. By creating standardized contracts, guidelines, and tools, IIFM helps Islamic financial institutions operate more efficiently, confidently, and consistently across different countries. Essentially, it acts as a bridge to facilitate global Islamic finance, ensuring products are transparent, Shariah-compliant, and mutually recognized.