As of January 2026, the membership of the IFSB stands at 181 institutions across 60 jurisdictions, comprising 82 regulatory and supervisory authorities (RSA), 11 international inter-governmental organisations (IO), and 88 market players (MP)—including financial institutions, professional firms, industry associations, and stock exchanges.
List of Member
| Organisation | Country | Membership Type |
|---|---|---|
| Islamic Development Bank | International Inter Governmental Organisations | Full Member |
| Bank of Algeria | Algeria | Full Member |
| Central Bank of Bahrain | Bahrain | Full Member |
| Bangladesh Bank | Bangladesh | Full Member |
| Brunei Darussalam Central Bank | Brunei Darussalam | Full Member |
| Banque Centrale De Djibouti | Djibouti | Full Member |
| Central Bank of Egypt | Egypt | Full Member |
| Bank Indonesia | Indonesia | Full Member |
| Otoritas Jasa Keuangan | Indonesia | Full Member |
| Central Bank of the Islamic Republic of Iran | Iran | Full Member |
| Central Bank of Iraq | Iraq | Full Member |
| Central Bank of Jordan | Jordan | Full Member |
| Central Bank of Kuwait | Kuwait | Full Member |
| Central Bank of Libya | Libya | Full Member |
| Bank Negara Malaysia | Malaysia | Full Member |
| Securities Commission Malaysia | Malaysia | Full Member |
| Central Bank of Mauritania | Mauritania | Full Member |
| Bank of Mauritius | Mauritius | Full Member |
| Bank Al-Maghrib | Morocco | Full Member |
| Central Bank of Nigeria | Nigeria | Full Member |
| National Insurance Commission Nigeria | Nigeria | Full Member |
| Nigeria Deposit Insurance Corporation (NDIC) | Nigeria | Full Member |
| Central Bank of Oman | Oman | Full Member |
| State Bank of Pakistan | Pakistan | Full Member |
| Qatar Central Bank | Qatar | Full Member |
| Saudi Central Bank | Saudi Arabia | Full Member |
| Capital Market Authority, Saudi Arabia | Saudi Arabia | Full Member |
| Central Bank of Sudan | Sudan | Full Member |
| Banking Regulation and Supervision Agency, The Republic of Türkiye | The Republic of Türkiye | Full Member |
| Central Bank of the Republic of Türkiye | The Republic of Türkiye | Full Member |
| The Insurance and Private Pension Regulation and Supervision Agency of Türkiye (IPRSA) | The Republic of Türkiye | Full Member |
| Central Bank of the United Arab Emirates | United Arab Emirates | Full Member |
| Dubai Financial Services Authority | United Arab Emirates | Full Member |
| Eurasian Development Bank | International Inter Governmental Organisations | Associate Member |
| Asian Development Bank | International Inter Governmental Organisations | Associate Member |
| West African Monetary Agency | International Inter Governmental Organisations | Associate Member |
| Bank for International Settlements | International Inter Governmental Organisations | Associate Member |
| The International Monetary Fund | International Inter Governmental Organisations | Associate Member |
| The World Bank | International Inter Governmental Organisations | Associate Member |
| The People’s Bank of China | China | Associate Member |
| Bank of Ghana | Ghana | Associate Member |
| Hong Kong Monetary Authority | Hong Kong | Associate Member |
| Indonesia Deposit Insurance Corporation | Indonesia | Associate Member |
| Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market | Kazakhstan | Associate Member |
| Central Bank of Kenya | Kenya | Associate Member |
| The Bank of Korea | Korea | Associate Member |
| Capital Markets Authority | Kuwait | Associate Member |
| Banque du Liban | Lebanon | Associate Member |
| Labuan Financial Services Authority | Malaysia | Associate Member |
| Malaysia Deposit Insurance Corporation | Malaysia | Associate Member |
| Banco de Mocambique | Mozambique | Associate Member |
| Securities and Exchange Commission | Nigeria | Associate Member |
| Financial Services Authority | Oman | Associate Member |
| Palestine Monetary Authority | Palestine | Associate Member |
| Bangko Sentral ng Pilipinas | Philippines | Associate Member |
| Qatar Financial Centre Regulatory Authority | Qatar | Associate Member |
| Qatar Financial Centre Authority | Qatar | Associate Member |
| Qatar Financial Markets Authority | Qatar | Associate Member |
| Central Bank of the Russian Federation | Russian Federation | Associate Member |
| Monetary Authority of Singapore | Singapore | Associate Member |
| Central Bank of Somalia | Somalia | Associate Member |
| The Insurance Supervisory Authority | Sudan | Associate Member |
| Khartoum Stock Exchange | Sudan | Associate Member |
| Centrale Bank van Suriname | Suriname | Associate Member |
| Bank of Tanzania | Tanzania | Associate Member |
| Abu Dhabi Global Market – Financial Services Regulatory Authority | United Arab Emirates | Associate Member |
| Bank of Uganda | Uganda | Associate Member |
| Central Bank of the Republic of Uzbekistan | Uzbekistan | Associate Member |
| Bank of England | England | Associate Member |
| Banque Centrale Des Etats de L’afrique de L’ouest (BCEAO) | West African Monetary Union | Associate Member |
| Autorité des Marchés Financiers de l'Union Monétaire Ouest Africaine (AMF-UMOA) | West African Monetary Union | Associate Member |
| Bank of Zambia | Zambia | Associate Member |
| Banque Ouest Africaine de Développement (BOAD) | International Inter Governmental Organisations | Observer Member |
| Islamic Corporation for the Development of the Private Sector (ICD) | International Inter Governmental Organisations | Observer Member |
| Islamic Corporation for the Insurance of Investment andExport Credit (ICIEC) | International Inter Governmental Organisations | Observer Member |
| Da Afghanistan Bank | Afghanistan | Observer Member |
| Al Salam Bank | Bahrain | Observer Member |
| Bahrain Islamic Bank | Bahrain | Observer Member |
| Islami Bank Bangladesh Ltd. | Bangladesh | Observer Member |
| Bank Islam Brunei Darussalam Berhad | Brunei | Observer Member |
| Faisal Islamic Bank of Egypt | Egypt | Observer Member |
| Prudential Corporation Asia | Hong Kong | Observer Member |
| The Hong Kong Association of Banks | Hong Kong | Observer Member |
| PT Bank Syariah Indonesia | Indonesia | Observer Member |
| Bank Keshavarzi | Iran | Observer Member |
| Sarmad Insurance | Iran | Observer Member |
| Karafarin Bank | Iran | Observer Member |
| Bank of Japan | Japan | Observer Member |
| Sumitomo Mitsui Banking Corporation | Japan | Observer Member |
| Islamic International Arab Bank | Jordan | Observer Member |
| Jordan Islamic Bank | Jordan | Observer Member |
| Astana International Financial Centre | Kazakhstan | Observer Member |
| First Community Bank | Kenya | Observer Member |
| Financial Services Commission & Supervisory Service | Korea | Observer Member |
| Insurance Regulatory Unit | Kuwait | Observer Member |
| Boubyan Bank K.S.C. | Kuwait | Observer Member |
| Kuwait Finance House K.S.C. | Kuwait | Observer Member |
| Kuwait International Bank K.S.C. | Kuwait | Observer Member |
| KFH Capital Investment Company K.S.C.C. | Kuwait | Observer Member |
| National Bank of the Kyrgyz Republic | Kyrgyz Republic | Observer Member |
| Al Baraka Bank | Lebanon | Observer Member |
| Banque centrale du Luxembourg | Luxemborg | Observer Member |
| Bursa Malaysia Berhad | Malaysia | Observer Member |
| Affin Islamic Bank Berhad | Malaysia | Observer Member |
| Al Rajhi Banking and Investment Corporation (Malaysia) Bhd. | Malaysia | Observer Member |
| AmBank Islamic Berhad | Malaysia | Observer Member |
| Bank Islam Malaysia Berhad | Malaysia | Observer Member |
| Bank Kerjasama Rakyat Malaysia Berhad | Malaysia | Observer Member |
| Bank Muamalat Malaysia Berhad | Malaysia | Observer Member |
| Cagamas | Malaysia | Observer Member |
| CIMB Group Holdings Berhad | Malaysia | Observer Member |
| Etiqa Family Takaful Berhad | Malaysia | Observer Member |
| Export-Import Bank of Malaysia Berhad | Malaysia | Observer Member |
| Hong Leong Islamic Bank | Malaysia | Observer Member |
| Maybank Islamic Berhad | Malaysia | Observer Member |
| MBSB Bank Berhad | Malaysia | Observer Member |
| Mizuho Bank (Malaysia) Berhad | Malaysia | Observer Member |
| MUFG Bank (Malaysia) Berhad | Malaysia | Observer Member |
| Nomura Asset Management Malaysia Sdn. Bhd. | Malaysia | Observer Member |
| OCBC Al-Amin Bank Berhad | Malaysia | Observer Member |
| Prudential BSN Takaful Berhad | Malaysia | Observer Member |
| RHB Islamic Bank Berhad | Malaysia | Observer Member |
| RUSD Investment Bank | Malaysia | Observer Member |
| Takaful Ikhlas Group Berhad | Malaysia | Observer Member |
| Maldives Monetary Authority | Maldives | Observer Member |
| Financial Services Commission | Mauritius | Observer Member |
| The Moroccan Capital Market Authority | Morocco | Observer Member |
| L’Autorité de Contrôle des Assurances et de la Prévoyance Sociale (ACAPS) | Morocco | Observer Member |
| Lotus Bank Limited | Nigeria | Observer Member |
| Lotus Capital Ltd. | Nigeria | Observer Member |
| Jaiz Bank Plc | Nigeria | Observer Member |
| Marble Capital Limited | Nigeria | Observer Member |
| TAJBank Limited | Nigeria | Observer Member |
| Noor Takaful Insurance Limited | Nigeria | Observer Member |
| Bank Nizwa S.A.O.G. | Oman | Observer Member |
| Meethaq Islamic Banking (Bank Muscat) | Oman | Observer Member |
| Securities and Exchange Commission of Pakistan | Pakistan | Observer Member |
| Habib Bank Limited | Pakistan | Observer Member |
| Dukhan Bank | Qatar | Observer Member |
| Masraf Al Rayan | Qatar | Observer Member |
| Qatar International Islamic Bank | Qatar | Observer Member |
| Qatar Islamic Bank | Qatar | Observer Member |
| Qatar National Bank | Qatar | Observer Member |
| Deposit Insurance Agency | Russia | Observer Member |
| Al Rajhi Banking and Investment Corporation | Saudi Arabia | Observer Member |
| Bank AlJazira | Saudi Arabia | Observer Member |
| Saudi National Bank | Saudi Arabia | Observer Member |
| Saudi Awwal Bank | Saudi Arabia | Observer Member |
| Ministry of Economy, Finance and Planning | Senegal | Observer Member |
| Tamweel Africa Holding | Senegal | Observer Member |
| Fitch Ratings Singapore Pte Ltd | Singapore | Observer Member |
| Standard & Poor’s Singapore Pte Ltd | Singapore | Observer Member |
| Dahabshil Bank International | Somalia | Observer Member |
| Oasis Crescent Capital (PTY) Ltd | South Africa | Observer Member |
| Amana Bank | Sri Lanka | Observer Member |
| Al Jazeera Sudanese Jordanian Bank | Sudan | Observer Member |
| Al Salam Bank | Sudan | Observer Member |
| Bank of Khartoum | Sudan | Observer Member |
| Byblos Bank Africa Ltd | Sudan | Observer Member |
| Faisal Islamic Bank | Sudan | Observer Member |
| Islamic Insurance Company | Sudan | Observer Member |
| Shiekan Insurance and Reinsurance Co. Ltd | Sudan | Observer Member |
| Sudan Financial Services Company | Sudan | Observer Member |
| Tadamon Islamic Bank | Sudan | Observer Member |
| National Bank of Tajikistan | Tajikistan | Observer Member |
| Central Bank of the Turkish Republic of Northern Cyprus | The Republic of Türkiye | Observer Member |
| Albaraka Turk Participation Bank, The Republic of Türkiye | The Republic of Türkiye | Observer Member |
| Capital Markets Board of Türkiye | The Republic of Türkiye | Observer Member |
| Ziraat Katılım Bankasi, The Republic of Türkiye | The Republic of Türkiye | Observer Member |
| Emirates Securities and Commodities Authority | United Arab Emirates | Observer Member |
| Abu Dhabi Islamic Bank | United Arab Emirates | Observer Member |
| Al Hilal Bank | United Arab Emirates | Observer Member |
| Capital Shield Insurance Brokers L.L.C | United Arab Emirates | Observer Member |
| Dubai Islamic Bank | United Arab Emirates | Observer Member |
| Department of Economic Development (Dubai Economy) | International Inter Governmental Organisations | Observer Member |
| Emirates Islamic Bank PJSC | United Arab Emirates | Observer Member |
| Moody's Investors Service Middle East Limited | United Arab Emirates | Observer Member |
| SALAMA - Islamic Arab Insurance Co. | United Arab Emirates | Observer Member |
| Sharjah Islamic Bank | United Arab Emirates | Observer Member |
| Tiybr Payments | United Arab Emirates | Observer Member |
| Qitmeer Foundation Ltd. | United Arab Emirates | Observer Member |
| Algbra Group Limited | United Kingdom | Observer Member |
Requirements and Benefits
Requirements
The IFSB is an international standard-setting organisation with the objective to promote and enhance the soundness and stability of the Islamic financial services industry (IFSI) by developing global prudential standards and guiding principles for the IFSI, broadly defined to include banking, capital markets and insurance segments. The IFSB also conducts research and coordinates initiatives on industry related issues, as well as organises roundtables, workshops, seminars and conferences. The IFSB has membership of international, regional and national organisations and market players who share its objectives. The IFSB welcomes organisations with similar aspirations to contribute their knowledge, expertise and resources as IFSB Members. The IFSB has three categories of membership: Full, Associate and Observer.
Full membership is available to the supervisory authority responsible for the supervision of the banking industry, securities and/or insurance/Takâful industries of each sovereign country that recognises Islamic financial services, whether by legislation or regulation or by established practice, and international inter-governmental organisations that have an explicit mandate for promoting Islamic finance.
Associate membership is available to any central bank, monetary authority or financial supervisory or regulatory organisation or international organisation involved in setting or promoting standards for the stability and soundness of international and national monetary and financial systems which does not qualify or does not seek to become IFSB Full member.
Observer membership will be available to any:
- national, regional or international professional or industry association;
- institution that offers Islamic financial services; or
- firm or organisation that provides professional services, including accounting, legal, rating, research or training services to any aforementioned institutions in (a) and (b)
However, notwithstanding anything to the contrary, the Council of the IFSB may, in such special circumstances as it may determine, admit any applicant as a member in the specific category of membership which the Council deems fit.
Benefits for IFSB members
Members of the IFSB enjoy the following benefits:
- Be part of a prestigious international organisation with the broadest stakeholders membership representation in the Islamic financial services industry;
- Attend the IFSB General Assembly;
- Vote at the General Assembly (Full members only);
- Receive technical assistance (Full and Associate members only);
- Participate (by invitation) in the development of the IFSB prudential standards in the working groups and closed door discussions;
- Participate in the IFSB awareness programmes (such as workshops, roundtables, seminars and conferences) on a priority basis and at special members’ rates;
- Receive complimentary first hand copies of the IFSB exposure drafts and be invited to comment on them;
- Participate in the IFSB workshops and public hearings on exposure drafts at no charge;
- Receive complimentary printed copies of the IFSB publications (such as standards, guidelines, surveys etc.); and
- Exclusive access to materials of the IFSB events and meetings and other web based services at the members’ zone of the IFSB website.
Application Procedure
Applicants are required to complete the following three documents:
- Application Form – to provide details about the applicant, nature of its business activities and contact persons.
- Form of Legal Confirmation – to confirm the legal status of the applicant.
- Membership agreement – to seal a commitment to a membership with the IFSB.
The above documents can be downloaded here: Membership Application Documents
The membership documents shall be submitted to the Secretariat of the IFSB at the following address:
The Secretariat
Islamic Financial Services Board
Level 5, Sasana Kijang, Bank Negara Malaysia
2, Jalan Dato’ Onn
50480 Kuala Lumpur
Malaysia.
or
Email a pdf copy of such to [email protected] (cc: [email protected]) or fax to +603 91951405.
Applicants will be notified on the status of their admission subject to the approval by the IFSB Council. The Secretariat would like to thank you for your interest in the membership with the IFSB.
