International Islamic Financial Market (IIFM)

The International Islamic Financial Market (IIFM) is an organization that sets standards and develops products for Islamic finance, which follows principles of Shariah law. It aims to promote a consistent, transparent, and efficient Islamic financial industry across different countries by harmonizing rules and practices. The IIFM provides guidelines for products like Islamic bonds and savings accounts, ensuring they meet religious requirements while functioning effectively in global markets. Its work helps investors and financial institutions trust and participate in Islamic banking worldwide, fostering growth and integration of Islamic finance as a competitive and ethical financial option.