Established in 2002, the Islamic Financial Services Board (IFSB) is an international standards-setting body that promotes the development of a prudent and transparent Islamic financial services industry by recommending new or adapting existing international standards consistent with Sharia principles. The IFSB has over 190 members including several central banks, the International Monetary Fund, the World Bank, and the Islamic Development Bank. The IFSB has published standards on many topics including risk management, capital adequacy, and corporate governance. Although they are instructive, the IFSB's recommendations and standards are not binding on its members.

For more information on Islamic finance in the US, see Practice Notes:

For more information on Islamic finance in the UK, see Practice notes: