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Membership

There are two types of individual Membership: Associate Fellow and Honorary Fellow. There is no membership fee to pay.

‘Associate Fellow’ is automatically granted as a life-time membership to individuals who have successfully completed IIBI’s Post Graduate Diploma and awarded the Islamic finance qualification by the Institute. The abbreviation for Associate Fellow is AFIIBI.

Honorary Fellow’ is a life-time membership to recognise individuals who have made an outstanding contribution to the Islamic Banking, Finance, or Insurance industry. The abbreviation for Honorary Fellow is HFIIBI.

Individuals are expected to uphold the values reflected in the moral code expressed in the Shari’ah. in their personal dealings and professions.

The Shari’ah rulings provide a framework that can broadly be reduced to a Moral Code concerned with implementing justice and fairness in all dealings. It requires individuals to commit to minimum standards of righteous behaviour and moral conduct. For example, the Dutch government legally requires every employee in the financial sector to take a Hippocratic oath, the so-called “banker’s oath.”

Islamic banking and finance professionals should consider making a voluntary oath on the lines proposed at a joint thematic seminar of Institute of Islamic Banking and Insurance (IIBI) and the International Shari’ah Research Academy for Islamic Finance (ISRA) held in London, United Kingsom in 2012.