Islamic Banking Infrasrtucture

Islamic Fiqh Academy (IIFA)

International Islamic Fiqh Academy (IIFA) was established in Jeddah in January 1981. Its mandate was agreed by the Organization of the Islamic Cooperation. The Islamic Fiqh (Jurisprudence) Academy is widely regarded as the appropriate international institution to provide guidance on moral issues of concern to the Muslim faithful. This includes guidance on medical ethics, social issues and economic matters, including finance.

Its rulings on finance are respected by the Shari’a board members of leading Islamic banks and takaful (insurance) operators.

The main goal of the International Islamic Fiqh Academy is to address issues related to humanity is accordance with Islamic law and ethics. IIFA’s activities revolve around concluding researches and documentations as wll as organizing events and meetings.

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