DISCOVER NEW PERSPECTIVES
DISCOVER NEW PERSPECTIVES
1-2 July 2026: The Institute of Islamic Banking and Insurance (IIBI) is organising the 14th International Takaful Summit 2026 in London, United Kingdon, powered by IIBI Events Ltd – A Global Gathering Redefining Ethical Risk Sharing for a Digital, Climate Shared World more…
6 June 2026: The Institute of Islamic Banking and Insurance (IIBI) has successfully concluded its five-day intensive training programme on “Non-Interest Banking Operations within an Islamic Window Framework” for delegates from GCB Bank PLC (formerly Ghana Commercial Bank), Ghana, held in London from 1–5 June 2026. The programme covered operational, regulatory, Shari’ah governance, treasury, liquidity management, accounting, and technology aspects of Islamic window operations. Programme details and agenda are available more…
1-5 June 2026: Institute of Islamic Banking and Insurance (IIBI) is conducting a intensive training workshop on “Non-Interest Banking Operations within an Islamic Window Farmework” for delegates from GCB Bank PLC (formerly Ghana Commercial Bank) from 1–5 June 2026 in London.
The programme will focus on Islamic window operations, Shari’ah compliance and related implementation issues as Ghana prepares for the introduction of Non-Interest Banking services.
GCB Bank Plc, Ghana’s largest local bank, is preparing to introduce Shari’ah-compliant banking services through an Islamic banking window as part of wider financial inclusion initiatives in Ghana. The bank has approached IIBI to provide a five-day intensive training programme in the United Kingdom.
6 March 2026: The Institute of Islamic Banking and Insurance (IIBI) entered into a Memorandum of Understanding (MoU) with the Institute of Professional Development and Research (IPDR), Dhaka, Bangladesh to promote a Diploma in Islamic Insurance (Takaful) and cooperate on research an other activities.
1 June 2025: The 2nd Global Islamic Economy Summit, held from 30 May to 1 June 2025 at the Istanbul Financial Center in Turkiye, successfully concluded with a powerful call to action for greater integration of Islamic economic principles in shaping a more ethical and inclusive global economy.
Organised under the theme “Islamic Economics Strategies: Path to an Influential Global Economy,” the summit brought together high-level government officials, central bankers, economists, scholars, and financial leaders from across the Muslim world and beyond.
The summit was inaugurated by President Recep Tayyip Erdoğan, who highlighted the urgent need for the Muslim world to align its demographic strength with economic influence, stressing the importance of enhanced cooperation in finance, trade, and innovation.
Among the key milestones was the launch of the AlBaraka Islamic ESG Index, developed in partnership with Spectreco – an AI-powered platform combining Shari’ah-compliant finance with global ESG standards to improve transparency and ethical governance.
Attendees also viewed the premiere of “Glimpses of Islamic Banking: From Origins to Contemporary Reality,” a documentary tracing the evolution of Islamic finance over the past five decades, with a particular focus on Türkiye’s emerging leadership role.
On the final day, the summit spotlighted cutting-edge discussions on climate finance, Islamic fintech, cross-border Shari’ah governance, and youth entrepreneurship. Delegates emphasized the need to transform Islamic finance from an alternative system into a global standard for ethical and sustainable economic development.
The closing session reaffirmed commitments to institutional cooperation, policy harmonization, and capacity-building across OIC nations. Türkiye’s Minister of Treasury and Finance urged that the summit’s outcomes be translated into actionable frameworks and long-term strategies.
With participation from leading institutions such as Türkiye Wealth Fund, AlBaraka Group, Halkbank, and Ziraat Katılım Bank, the summit ended on a high note – positioning Islamic finance as a transformative force for shared prosperity, social justice, and financial resilience.
The next summit will build on this momentum, aiming to further integrate Islamic values into global financial architecture and development discourse.
2 April 2025:The Institute of Islamic Banking and Insurance (IIBI), UK, has launched its updated Post Graduate Diploma in Islamic Banking, continuing its innovative approach to assessment. Instead of traditional essay-based assignments, each lesson concludes with an examination featuring multiple-choice, true/false, and short-answer questions – offering a more effective and comprehensive evaluation of students’ knowledge across a wider range of topics. The Diploma is equivalent to Level 7 of the National Qualifications Framework of England, Wales, and Northern Ireland, United Kingdom. https://islamic-banking.com/postgraduate-diploma-in-islamic-banking-and-insurance/
12 February 2025: The Director General of the Institute of Islamic Banking and Insurance (IIBI) in the United Kingdom was the guest of honour at the Certificate Awarding Ceremony for the 3rd Batch of the Professional Certificate program of the Bangladesh Institute of Islamic Finance (BIIF) held in Dhaka, Bangladesh. The certificates were issued jointly by BIIF and IIBI.
18 December 2024: The Institute of Islamic Banking and Insurance (IIBI) in the United Kingdom has launched its updated Diploma course in Islamic Banking. Staying true to its innovative approach, the IIBI will to assess students through end-of-lesson examinations featuring multiple-choice, true or false, and short-answer questions. This method ensures a comprehensive evaluation of students’ knowledge and understanding across a broader range of topics, as opposed to traditional assignments that rely on lengthy essays based on two or three questions. The Diploma is equivalent to Level 5 of the National Qualifications Framework of England, Wales, and Northern Ireland, United Kingdom. https://islamic-banking.com/diploma-in-islamic-banking/
4 December 2024: The AAOIFI CPFAS exam for the final examinees was held at the AAAOIFI Exam Centre at IIBI (Institute of Islamic Banking and Insurance).
2 December 2024: The AAOIFI CPFAS exam for the final examinees was held at the AAAOIFI Exam Centre at IIBI (Institute of Islamic Banking and Insurance).
28 November 2024: The final examinees for AAOIFI CPFAS exam will be held at the AAAOIFI Exam Centre at IIBI (Institute of Islamic Banking and Insurance) on Monday, 2 December 2024 and on Wednesday, 4 December 2024. The Exam time is 09.00am – 12.00pm. The Exams will be conducted online. Internet connections is available and examinees must bring their own laptop. The Directions Map is on IIBI website https://islamic-banking.com/direction-map/
1 March 2024: The Institute of Islamic Banking and Insurance (IIBI) in the United Kingdom has introduced two distance learning certificate courses for those wishing to have a basic understanding of the principles, products and services in Islamic banking and takaful, the alternative to Islamic insurance. These certificate courses are equivalent to Level 3 of the National Qualifications Framework of England, Wales and Northern Ireland of the United Kingdom. The unique feature of both courses is that candidates must pass an online Multiple Choice Questions examination in the form of a quiz to receive their Certificate in Islamic Banking and Certificate in Takaful.
1 March 2024: The Institute of Islamic Banking and Insurance (IIBI) in the United Kingdom has updated its website and for the first time the website is mobile responsive.
27 February 2024: The Director General of the Institute of Islamic Banking and Insurance (IIBI) in the United Kingdom was the guest of honour at the Certificate Giving Ceremony of the Professional Certificate Course in Islamic Banking (Batch 1) of the Bangladesh Institute of Islamic Finance (BIIF) held in Dhaka, Bangladesh. The certificates were issued jointly by BIIF and IIBI.
27 February 2024: According to World Population Review, Islamic Finance and banking in Russia has high potential, its Muslim community makes up 13.5% (around 146 million) of its total population as at 2023, focused on mainly in four regions in the country. Russian Shariah finance (also referred to as participation finance in Russia) took some big strides in the past couple of years with the government’s support.
1 May 2023: According to S&P Global Ratings, the global Islamic finance industry is expected to grow by around 10 per cent in 2023-2024 despite the economic slowdown, after posting a similar expansion in 2022 (excluding Iran). The Gulf Cooperation Council (GCC) countries, notably Saudi Arabia and Kuwait, largely fueled this performance, supported by a large, one-off acquisition in the latter. Elsewhere, growth was either muted or held back by local currency depreciation. At the same time, sukuk issuance continued to spur the industry’s expansion despite slowing issuance volumes overall. While S&P generally expect volumes to diminish in 2023, they still believe that new issuance will exceed maturing sukuk, resulting in another positive contribution of the sukuk market to industry growth in 2023. The Islamic funds and takaful sectors are also likely to continue to expand.
16 December 2022: As the world recovers from the after-effects of COVID-19, the growth of Islamic banking and finance continues in different parts of the world. It was certainly a productive year for the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) as a number of standards were finalised while a number of other initiatives progressed well. The capacity-building and awareness and advocacy initiatives were conducted successfully during the year. It is expected that the efforts of developing important standards shall continue during the year 2023 together with other capacity-building and awareness and advocacy On capacity-building in 2023 the aim is to launch CIPA (Certified Islamic Professional Accountant) in Russian language as well as have it translated into other languages including Turkish, Bahasa Indonesia and French. CIPA is of the two flagship qualifications offered by the AAOIFI. (IFN Islamic Finance News)
16 December 2022: During 2022, the International Islamic Financial Market (IIFM) focused on extensive industry consultation to assess and plan out its standardization initiatives in line with industry developments and requirements in a robust manner with strict adherence to Shari’ah principles and rules. (IFN Islamic Finance News)