Brunei Darussalam, Indonesia and Malaysia issue Islamic debt securities in accordance with Shari'a rules and principles. The Ministry of Finance (MOF) of Brunei, the Labuan Offshore Financial Services Authority (LOFSA) of Malaysia, and Bank Indonesia (BI) are among the founding members of the International Islamic Financial Market (IIFM).
The IIFM's principal objective is to develop a Shari'a-based active international financial market. Through Shari'a endorsement, the IIFM intends to build uniformity in Islamic products and instruments to attain global reach and acceptance.
For more information on the development of Islamic markets, please refer to market home pages. |