Our Aims and Objectives

The aims and objectives of the Institute are:

  • To provide counseling for the development, conception, implementation and certification of Islamic/Shariah compliant products within the segment of banking, Insurance, finance and other businesses.
  • To provide consultancy services for Banks, Insurance, and Finance Institutions, which intend to develop, concept and implement Islamic Financial System, Window, Branch, Stand-alone or simply Product(s).
  • To impart education and training to individuals and organizations desirous of getting acquainted with Islamic Banking, Islamic Insurance, Economics and Finance and related subjects through Distance Learning, e-learning methods and contact programs.
  • To collaborate with other national and/or international Institutions, Universities and related center to impart education, training, research and consultancy services at all levels and through any possible method, in the subject of Islamic Banking, Islamic Insurance, Economics, Finance and related subjects.
  • To organize Executive Development Programs for working executives or graduates from Nigeria and abroad in the fields of Islamic Banking, Economics and Finance, Islamic Capital Market, Islamic insurance and Islamic Investments and related subjects.
  • To conduct lectures, conferences and seminars on subjects related to Islamic Banking, Islamic Insurance, Economics and Finance.
  • To conduct Market Evaluation, Target Group Analyses, Marketing and Sales Execution for financial institutions which want to offer Islamic Banking/finance or Islamic Insurance.
  • To provide representative and supervisory services to corporate institutions as well as individuals in the execution of any Islamic financial transaction.
  • To conduct feasibility studies for, and arrange financing on behalf of corporate and individual clients.
  • To conduct and publish academic research in the field of Islamic Banking, Insurance, Finance, Economics, Business and related subjects.
  • To provide Shariah Advisory on Sukuk- Islamic Bond Issuance.
  • To provide Sharia Advisory on Islamic Unit Trust.
  • Responding to consultation exercises with regulatory and government bodies as well as other institutions on improvement and changes required in the overall framework to build a level plying field for the Islamic financial services industry within the national and global financial systems; and
  • Establishing a forum for consensus building and to debate policy and dynamic issues among ulamas and Islamic finance professionals for a common vision and understanding as well as promote national and global fellowship and solidarity.