We are delighted to share that Al Rajhi Bank, a distinguished global institution in Islamic finance, has officially joined the International Islamic Financial Market (IIFM). This landmark partnership represents a major step forward in our collective mission to strengthen, standardize and unify the global Shari’ah compliant financial system.
Dr. Ahmed Rufai, IIFM Acting CEO, remarked:
“The admission of Al Rajhi Bank into the IIFM marks a transformative milestone for the Islamic finance industry. It is a highly positive step that reinforces our mission to establish a unified, transparent, and standardized documentation framework, thereby strengthening the foundations of the global Shari’ah compliant financial system.” He further reiterated: “At IIFM, we extend our sincere appreciation to His Honorable Mr. Waleed Abdullah Al Mogbel, Managing Director & Chief Executive Officer, and Mr. Abdulmohsen Alasim, Head of Treasury Legal & Sharia. Their visionary leadership and unwavering commitment to Islamic finance have been instrumental in driving this achievement, which will significantly reinforce and advance the global foundations of Islamic finance.”
Join us in celebrating this milestone and welcoming Al Rajhi Bank to the IIFM family.