CIBAFI is an international organization established in 2001 and Headquartered in the Kingdom of Bahrain. CIBAFI is affiliated with the Organization of Islamic Cooperation (OIC).
CIBAFI represents the Islamic financial services industry globally, defending and promoting its role, consolidating cooperation among its members, and with other institutions with similar interests and objectives.
With over 130 members from 34 jurisdictions, representing Islamic Banks, market players, international intergovernmental organizations and professional firms, and industry associations, CIBAFI is recognised as a key piece in the international architecture of Islamic finance. In its mission to support Islamic financial services industry by being the leading industry voice advocating regulatory, financial and economic policies that are in the broad interest of our members and that foster the development of the Islamic financial services industry and sound industry practices, CIBAFI is guided by its Strategic Objectives, which are 1.Policy, Regulatory Advocacy, 2.Research and Publications, 3.Awareness and information sharing and 4.Professional Development.
Articles of Association
By approving the Headquarters Agreement, Decree No (23) for the year 2002
Between the State of Bahrain And the General Council For Islamic Banks And Financial Institutions
WE, Salman Bin Hamad Bin Eissa Al Khalifa Amir of the State of Bahrain by delegation
After reviewing the constitution
And the Amiree Decree No (30) for the year 2001
And after the headquarters agreement signed between the state of Bahrain and the General Council For Islamic Banks And Financial Institutions, and based on the offer of the finance and economy minister, and after approval of the ministerial council
Pursuant to the headquarters agreement between the state of bahrain and the General Council For Islamic Banks And Financial Institutions signed in Manama on Saturday 31 March 2001 annexed to this decree .
All ministers, each according to his respective capacity, make sure this decree is implemented and effective since its publication in the official journal.
Amir of the State of Bahrain by delegation
Issued in Rifaa Palace
Date: 18 Safar 1422 H
Corresponding to: 12 May 2001
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