The IFSB and ISRA Renew MoU for Strategic Collaboration

Kuala Lumpur, 22 February 2019 – The Islamic Financial Services Board (IFSB) and International Shari’ah Research Academy for Islamic Finance (ISRA) renewed an agreement to facilitate cooperation between the two organisations relating to research development and promotion of education in Islamic finance.

The IFSB Secretary-General, Dr. Bello Lawal Danbatta and ISRA Executive Director, Prof. Dr. Mohamad Akram Laldin, signed the Memorandum of Understanding (MoU), in Kuala Lumpur, Malaysia on 20 February 2019.

This mutual co-operation aims to strengthen the efforts of the two institutions in the following areas:

• To participate mutually in the relevant activities of each other relating to research, development, training and education;
• To explore avenues for developing or undertaking joint research and development in areas of utmost priority concerning Islamic financial services industry, and whenever appropriate, to jointly publish, promote or disseminate any works of research for use and reference by the IFSB and ISRA or other persons in promoting and developing Islamic financial services industry;
• To explore the possibility of the Parties supporting awareness programmes, which include conferences, seminars, workshops, roundtables, trainings or any other events organised by each other relating to Islamic financial services industry in either country, or anywhere in the world; and
• To explore the possibility of Islamic Finance Knowledge Repository (I-FIKR) as a key tool for supporting knowledge work.

The joint research initiatives, which have been key activities undertaken by the two organisations in a previous MoUs signed in 2012 and 2015, will continue to be a key feature of this collaboration.