The Accreditation Board was established by a decision of the Board of Directors. It is an independent board specialized in the development of standards and rules on accreditation services of CIBAFI. These services include the accreditation of training institutions, trainers and training materials. The Secretariat will be responsible in arranging and coordinating the meetings of the Board as well as the implementation of the decisions made during these meetings.
The Accreditation Board consists of six members, five of whom have permanent membership, and only one member has renewable membership every three years. They are represented by the following institutions:
The International Islamic Fiqh Academy Islamic Fiqh Academy is an Academy for advanced study of Islam based in Jeddah, Saudi Arabia. Resolution No.8/3-C, (I.S.) adopted by the Third Islamic Summit Conference, held in Makkah Al-Mukarramah and Taif called for the establishment of an Islamic Fiqh Academy (Jurisprudence) Academy. Besides traditional Islamic sciences, the IFA seeks to advance knowledge in the realms of culture, science, and economics.
The Islamic Research and Training Institute (IRTI) is an affiliate of the Islamic Development Bank Group responsible for leading the development and sustenance of a dynamic and comprehensive Islamic Financial Services Industry that supports socio-economic development in Member countries.
IRTI conducts and co-ordinates basic and applied research to develop models and methods for the application of Shari’ah in economics, finance and banking with main areas in inclusive Islamic financial services and sustainable and comprehensive human development, promoting awareness of the role of Islamic finance in building financial stability and in alleviating poverty.
Also, IRTI organizes conferences, seminars and training workshops on main topics of Islamic Banking & Finance, Private Sector Development, Human Resources Development and Macroeconomic Management.
The idea of establishing the center began with a generous donation from His Excellency Sheikh Saleh Abdullah Kamel presented to the Faculty of Commerce at Al-Azhar University in the form of funds allocated as annual promotional awards for the best Islamic research and business studies and developed the idea to establish an organizational unit attached to the Faculty of Commerce Al-Azhar University. And in 1992 the name was changed to the Saleh Kamel Center for Islamic Economics, which became subordinate to Al-Azhar University instead of the Faculty of Commerce. Therefore, the Center is considered one of the special units of Al-Azhar University.
The main objective of the Center is to promote the dissemination of economic knowledge from an Islamic perspective and to prepare the cadres necessary for the application of the Islamic economy and the formation of a database dealing with the Islamic economy.
The International Shari’ah Research Academy for Islamic Finance, more commonly known by its acronym, ISRA, has been established to promote applied research in the area of Shari'ah and Islamic finance.
It also acts as a repository of knowledge for Shari’ah views (fatwas) and undertake studies on contemporary issues in the Islamic financial industry. Moreover, ISRA contributes to strengthening human capital development in Shari’ah expertise relevant to Islamic finance and provides a platform for greater engagement amongst practitioners, scholars, regulators and academicians via research and dialogue, in both the domestic and international arenas. Through pioneering research and rigorous intellectual dialogue, ISRA aims to promote innovation and dynamism and thus extend the boundaries of Islamic finance. It is envisioned that with greater research and dialogue, mutual respect and recognition will emerge within the global community of the Islamic financial industry.
As a part of the International Centre for Education in Islamic Finance (INCEIF), ISRA is able to leverage on the existing infrastructure and facilities as well as to tap on the knowledge, expertise and resources of the academic faculty and post graduate students in INCEIF. To provide input and assistance in the strategic direction of ISRA’s research works, the Council of Scholars, a group comprising of eminent local and international Shari’ah scholars, has been set-up.
The Islamic Economics Institute was a research center for 37 years, during which the dispersed writings and applications in the field of Islamic Economic were to be gathered in order to deepen the theory and applying it in the real world. IEI is the first research center established in 1397H (1977). Since its inception, one of the main goals is creating the second generation of researchers and pioneers who will be able to continue the nonstop journey, with Allah swt permission and support. When the research center upgraded into an Institute in late 1432H (2011) two new tasks were added, education and training. In addition, IEI expanded its role in society and enhancing and developing local and international collaborations. IEI main goal is to participate in establishing global economic thought and system that achieves wellbeing and social justice for humanity.
The Central Bank of Jordan began in 1965 to study the necessary means of setting up a team for theoretical and practical training aimed at promoting human cadres of the banking and financial sector and study its employees needs and satisfy their desires to advance their scientific and practical abilities . These efforts culminated in the creation of the Institute of Banking Studies in accordance with Article (37) Paragraph (d) of the Central Bank of Jordan Law and in accordance with the Institute’s Articles of Association No. (69) Issued on 1970. The Institute was officially inaugurated on October 9, 1971 and was housed then at the Central Bank’s premises.
In order to spread the benefits derived from the academic and training activities, the Institute of Banking Studies management expanded the institutes training and academic umbrella until the end of 2011 to include, in addition to the Central Bank of Jordan and the licensed banks in Jordan and specialized credit institutions, numerous financial institutions, ministries, public corporations, private investment companies, Amman Financial Markets institutions, brokerage firms, the Social Security Corporation, in addition to insurance companies and foreign exchange companies and number of developmental organizations and non-governmental organizations working in microfinance and developing rural societies in Jordan .
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