The Islamic Corporation for the Development of the Private Sector (ICD) is a multilateral development financial institution and is part of the Islamic Development Bank (IDB) Group.
ICD fosters sustainable economic growth in its 52 member countries by financing private sector investment, mobilizing capital in the international financial markets, and providing advisory services to business and governments. ICD financing projects are selected on the basis of their contribution to economic development considering factors such as job creation, Islamic finance development, contribution to exports etc. ICD also provides advisory services to governments and private sector groups on policies designed to encourage the establishment, expansion and modernization of private enterprises, development of capital markets, best management practices and to enhance the role of the market economy. ICD operates to complement the activities of the IDB in member countries and also that of national financial institutions.
The Africa Islamic Economic Foundation (AFRIEF) is an independent organization that provides a distinctive Islamic perspectives on economic and social issues. It enhances dialogue and encourages exchanges and collaboration across the thematic areas of Islamic economics and finance, education, sustainable development, governance and public health. AFRIEF assumed the legal status of a Non-Governmental Organisation on 9th December, 2013 and its secretariat, located in Tamale in the republic of Ghana is at present hosted by Al Furqan Foundation.
Within the general promotion of Islamic Economics and Finance, AFRIEF puts research work at the centre of its efforts, with the goal of better understanding and interpreting trends and structures of social-economic phenomena for the advancement of knowledge. Recognising that a country’s GDP does not tell the whole story about the health of its economy, AFRIEF promotes an alternative economic thought that emphasizes and places the well-being of the individual on centre stage.
The Accounting Research Institute (ARI) of Universiti Teknologi MARA, Malaysia was first formed in 2000 as a special interest group. Since then, ARI had gone through a complete evolutionary cycle which includes of first transformed to a research centre and then as research institute.
ARI focuses on a specific niche research area – Islamic Financial Criminology (IFC). In essence, IFC encompasses two very important conceptual domains: Islamic Finance & Muamalat and Financial Criminology. Premised on the Shari’ah principles and requirements, the Islamic Finance industry has great potential to grow. Hence, research in Islamic Finance and Muamalat aspires to explore new models, new tools, new products and new methodologies that could support the prosperity of the Islamic finance industry in Malaysia and globally. Financial criminology refers to the scientific study of the causation, correction, detection and prevention of financial crime in business and non-business organizations. Research in Islamic Financial Criminology therefore focuses on developing possible fraud prevention mechanisms, to protect the Islamic finance industry.
The Finance Accreditation Agency (FAA) is responsible for raising the standards and quality of professional learning and development in the financial services industry. FAA aims to create highly skilled and internationally mobile professionals for the global financial services industry. FAA is an independent quality assurance and accreditation body supported by Bank Negara Malaysia (Central Bank of Malaysia) and Securities Commission Malaysia and executed by a committee of technical experts, industry professionals and leading academics from the international financial services industry.