The International Islamic Financial Market (IIFM) recently held a workshop in Kuala Lumpur, Malaysia, detailing Islamic Finance, focusing on "IIFM Standard Documents and Product Templates."
Labuan FSA hosted the event in conjunction with the Global Islamic Finance Forum 5.0, which was organized by the Association of Islamic Banking Institutions Malaysia (AIBIM) from May 10 to 12 at Sasana Kijang, Bank Negara Malaysia.
More than 120 delegates from Malaysia, the Far East region and other jurisdictions came to the event, many of whom work in treasury, risk, legal, regulatory and related professions. These participants were given a detailed briefing on Islamic hedging and liquidity management.
"The international Islamic institutions such as the IIFM, the Islamic Financial Services Board, the Islamic Development Bank, the Accounting and Auditing Organization for Islamic Financial Institutions and the International Islamic Liquidity Management Corporation have played a pivotal role in strengthening the infrastructure of the Islamic financial system, contributing towards building a solid foundation for the progressive growth of Islamic finance,” H.E. Datuk Ahmed Hizzad, Director-General of Labuan FSA said during the welcome address.