The International Islamic Financial Market (IIFM) is a global standard-setting body for the Islamic Financial Services Industry, established in 2002 and headquartered in Manama, Bahrain. It operates as a non-profit institution focused on harmonizing Shari’ah-compliant financial practices. IIFM was founded through collaboration among several key financial institutions, including the Islamic Development Bank and various central banks. IIFM specializes in standardizing Islamic financial contracts, documentation, and processes to enhance market efficiency and transparency. Its initiatives include developing universally accepted standards for Islamic capital and money markets, facilitating collaboration among banks and legal experts, and organizing workshops and seminars to promote best practices. IIFM serves regulatory authorities, multilateral institutions, and market participants, including Islamic banks and investment entities, providing them with standardized Shari’ah-compliant solutions. Through its efforts, IIFM contributes to the transparency and efficiency of the Islamic finance industry, supporting its growth on a global scale.