Tuesday, 3 February 2026 - The International Islamic Financial Market (IIFM) and Gulf International Bank (GIB) convened to discuss strengthening their strategic cooperation in the standardization of global Islamic financial documentation. During the meeting, Dr. Ahmed Rufai, IIFM Acting CEO, extended his congratulations to GIB on its prestigious Golden Jubilee, marking 50 years of pioneering banking leadership in the region. Dr. Rufai highlighted the significant mutual benefits of GIB’s longstanding membership in IIFM, emphasizing how this partnership bolsters market efficiency and ensures that IIFM’s global standards remain robust and practical for leading financial institutions. For his part, Dr. Ahmed Algaidy praised the enduring and productive relationship between GIB and IIFM. He underscored how GIB has utilized IIFM’s standardized documentation to facilitate the execution of complex transactions in record time. He added: "This collaboration continues to foster a more transparent and innovative Shari’ah-compliant system, ensuring a resilient and prosperous future for the industry."