To create a wider base of knowledge and understanding of the principles and methodologies of the Islamic financial system through continuing education and training for the success of the business enterprise.
To create a wider base of knowledge and understanding of the legal and commercial aspects of the Islamic financial system for the implementation of Islamic finance in all its forms.
To provide a platform for consensus building and projecting a positive image for the Islamic financial services industry through conferences, seminars, lectures and publications.
To provide effective support and advisory services for the promotion of corporate social responsibility and healthy practices to fulfil the objectives of Islamic economics and finance.
To assist and advise institutions, individuals in the operations of Islamic banking and insurance including developing and launching of Shari’ah-compliant products.
To provide independent Shari’ah audit of management processes and validation of Shari’ah-compliant products developed by financial institutions.
To undertake on-going research and share research to address the evolving and challenging issues that face the Islamic finance industry and to bring about a change in the mindset needed to maximise business opportunities.
To respond to consultation exercises with regulatory and government bodies as well as other institutions on improvement and changes required in the overall framework to build a level playing field for the Islamic financial services industry within the operating global financial system.
To establish a forum to debate policy and dynamic issues among members and Islamic finance professionals for a common vision and understanding as well as promote global fellowship and solidarity.
To receive donations including Zakat for the achievement of all or any of the objects of the Institute including granting and giving stipends, scholarships, awards, rewards, honoraria and remuneration.
