The International Association of Islamic Banks

The International Association of Islamic Banks (IAIB) is an organization that brings together banks and financial institutions which operate according to Islamic law, or Sharia. These banks offer financial products that comply with Islamic principles, such as avoiding interest (Riba) and unethical investments. The IAIB fosters collaboration, shares best practices, and promotes the growth of Islamic finance globally. It aims to enhance partnerships among members, encourage innovation in Islamic banking practices, and educate the public about the benefits and principles of Islamic finance. This organization plays a vital role in advancing the Islamic banking sector internationally.