Global Institutions in the Islamic Finance Industry Pledge Support to Member Nations

With the increasing economic disruption due to the spread of COVID-19, Islamic Finance umbrella organizations have issued statements pledging support to their member countries.

Institutions such as the Islamic Development Bank (IsDB), Malaysia-based Islamic Financial Services Board, and the Association of Islamic Banking and Financial Institutions Malaysia, have expressed their concerns regarding the socio-economic disruptions, loss of lives, health and safety of member representatives and staff, the impact on member countries’ health systems, as well as threats to financial stability.

These institutions have also further expressed their cooperation to member countries in terms...