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  THE INSTITUTE - Membership












As a professional body, the Institute offers its membership to individuals and corporates interested in the activities of the Institute. The aim of the membership is to create a fraternity of bankers and professionals with a view to fostering co-operation among them, exchanging ideas and information, and advancing knowledge and experience of practicing within the Islamic financial system
 
Membership Categories:
..........Apply for Individual membership
..........Online .......Click here
 
..........Apply for corporate membership
..........Online........Click here
 

Code of Ethics

The moral code embedded in Islam emphasises the relationship of human beings with their Creator. Islamic belief is that human beings are guided by motivations that are governed by the higher instincts which God has created within them; when motivations are properly controlled, regulated and disciplined, the result is an ideal system of production, exchange and distribution, which in turn becomes the basis of welfare in society. On the contrary, if no proper checks and balances are maintained, these instinctive motivations lead to injustice, exploitation, selfishness, intolerance and a mad race to accumulate wealth.  Islamic ethical values are neither time-bound nor biased by the whims of human beings; they prescribe compassion, leniency and benevolence over and above the basic universal values and are intended to secure the welfare of the community as a whole.

 

Professionals serving in the Islamic financial services industry must have a deep commitment to upholding the principles of business ethics emphasised in Islamic economics, in particular:

 
  • Observing equity and fairness in giving and taking and in general conduct in dealings with others.

  • Acting with honesty and trust in transactions in which the parties are unambiguous and frank and have goodwill for each other.

  • Respecting the property of others

  • Ensuring all investment in business is linked to productive economic activity that is also permissible according to the Shari’ah.
  • Fulfilling all contracts and undertakings
  • Showing leniency to debtors in distress.
 
 
 
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