International Association of Islamic Banks (IAIB)
International Association of Islamic Banks (IAIB) was founded in Jeddah, Saudi Arabia, under the auspices of the Organisation of the Islamic Conference (OIC) on the 7th of Ramadan 1397 (H) corresponding to August 21, 1977 with the efforts of Muazzam Ali. A Board of Directors comprising of foreign Ministers of various Muslim countries was constituted under the chairmanship of His Highness, Prince Mohammed Al-Faisal Al Saoud and Mr. Muazzam Ali was appointed as Vice Chairman. An Asian Secretariat was also established in Karachi, Pakistan in March 1984 With Mr. Muazzam Ali as the Founder Chairman.
Muazzam Ali firmly believed in the concept of Islamic economics. After leaving Pakistan in early 1970’s, he was associated with the Islamic Counsel of Europe in London and then with the Dar Al Maal Al Islami (DMI) Trust. After serving DMI as Vice Chairman for nine years, Muazzam Ali established the Institute of Islamic Banking and Insurance (IIBI) in London and an office in Karachi and devoted his efforts to the International Association of Islamic Banks. The fundamental thrust of both organizations is that a Shariah compliant banking system be encouraged and this can only successfully operate if there is adequate training for prospective personnel in this field.
The fundamental objective of the IAIB which publishes the Journal of Islamic Banking and Finance is to augment and enforce ties and links amongst Islamic financial institutions and promote intra-cooperation and co-ordination. It is also designed to ascertain the institutions’ Islamic observance and character in order to achieve their common and mutual goals.
Objectives of IAIB
- Promoting the concept and ideas of Islamic banking.
- Co-ordinating with Islamic banks to resolve common conceptual and operational problems including standardisation of operations and application of Islamic Sharia’ah.
- Undertaking/facilitating research and development in Islamic economics.
- Providing assistance in manpower development.
- Maintaining databank of all Islamic financial institutions.
- Providing technical assistance in Islamic banking.
- Representing, mediating and acting as arbitrator for and between Islamic banks.
- Representing the common interests of the Islamic banks at the national and international level.
International Association of Islamic Banks (Karachi) Pakistan
Board of Directors
|Mr. Basheer A. Chowdry||Banker||Chairman|
|Mr. Aftab A. Siddiqi||Banker||Director/Secretary|
|Ms Seemin Shafi||Consultant||Director|
|Mr. Salahuddin Qureshi||Consultant/Civil Servant (Rtd)||Director|
|Mr. S.A.Q. Haqqani||Banker||Director|
|Mr. Owais Aslam Ali||Consultant/Journalist||Director|
|Mr. Tariq Ali||Businessmen||Director|
|Mr. Zuhair Siddiqi||Consultant I.T||Director|
Journal of Islamic Banking and Finance (JIBF)
Aims and Scope
Journal of Islamic Banking and Finance ISSN 1814-8042 is an official publication of the International Association of Islamic Banks, Karachi (Pakistan). It regularly publishes the Journal since 1984 on quarterly basis with the objective of disseminating awareness and knowledge about the financial system based on Islamic principles. The Journal invites original academic contributions and case studies on Islamic banking and finance from researchers across the globe.
Published uninterruptedly since 1984. It is one of the pioneer journals in the field of Islamic Banking & Finance.
The journal follows blind peer-review policy. The journal only considers original publications. The Journal checks all submitted articles for plagiarism. The similarity index of all contributions must be less than 25% excluding reference section.
ISSN Registration No
1814-8042 (International Standard Serial Number)
Worldwide and includes IMF, World Bank, Central/Commercial Banks, Universities, Educational Institutions and Public Libraries in Pakistan/Abroad. It is also subscribed by individuals, Scholars, Jurists etc.
Database Content Online
- Full paper PDF versions are available from Oct-Dec 2011 onwards.
- Contents/Abstract available from 2009.
Open Access Policy
This is an open access journal, which means that all content is freely available without charge to the user or his/her institution. Users are allowed to read, download, copy, distribute, print, search, or link to the full texts of articles, or use them for any other lawful purpose, without asking prior permission from the publisher or the author.
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