Consultancy Department

IBFIN provides professional Islamic Consultancy services to its corporate and individual clients through a diligent team comprising of Ulamas and contemporary financial experts in order to make their overall business transactions shari’ah compliant. Some of our consultancy services include:

Comprehensive Consulting:

  • End-to-end consulting services to establish a stand-alone Islamic bank (Commercial or Microfinance) or Islamic [Takaful] Insurance
  • End-to-end consulting services to convert conventional (Commercial or Microfinance) bank to Islamic bank [or Takaful Company].
  • Consulting to establish an Islamic bank subsidiary for a conventional bank [or Takaful Company].
  • Consulting to establish an Islamic banking branch for a conventional bank [or Takaful Company].
  • Consulting to establish an Islamic banking window for a conventional bank [or Takaful Company].

Product development and enhancement: consulting services to develop new Islamic (shari’ah) compliant products and services, as well as enhance the existing products and services by a detailed gap analysis against the best practices.

IBFIN provides competent, well trained and highly motivated personnel as representatives or supervisors on behalf of corporate financiers as well as individuals in the execution of Islamic financial transactions in such areas as Mudarabah, Musharakah, Murabaha, Ijarah, Salam, Istisna, etc.

Provide necessary support mechanism for all Islamic financial transactions in such areas as:

  • Market Studies.
  • Research/Survey
  • Feasibility Studies.
  • Islamic Mutual Funds.
  • Islamic Capital Markets.
  • Sukuk—Islamic Bonds.
  • Takaful—Islamic Insurance.
  • Specialized Programs.

Shari’ah Vetting and Documentation: IBFIN provides Shari’ah vetting of legal documentation being used or to be used for Islamic financial transactions.

Assistance in evaluating and hiring employee.