General Council for Islamic Banks and Financial Institutions
General Council for Islamic Banks and Financial Institutions (CIBAFI) is a Bahrain-based non-profit industry association founded in 2001 that provides advocacy, research, and professional development to Islamic banks and financial institutions worldwide, currently undergoing a digital transformation to modernize its member engagement.
- Company typePrivate
- Founded2001
- HeadquartersManama, Bahrain
- Headcount11–50
- GTM typeB2B
- OfferingServices
What General Council for Islamic Banks and Financial Institutions does
General Council for Islamic Banks and Financial Institutions (CIBAFI) is a non-profit industry association headquartered in Manama, Bahrain, founded in 2001. It serves as the unified advocacy, research, and professional development body for the global Islamic finance community, representing Islamic banks and financial institutions worldwide. The organization's core functions include industry representation, policy advocacy, research dissemination, and training programs tailored to the Islamic finance sector.
CIBAFI operates with a small team of 11-50 employees and serves a clearly defined vertical customer segment—Islamic financial institutions. Its go-to-market is primarily through its website (cibafi.org), LinkedIn presence, and direct email engagement with member institutions and the broader Islamic finance community. The organization is currently undergoing a digital transformation, with its website displaying a 'Coming Soon' notice and visible investment in digital channels to modernize member engagement.
As an industry association, CIBAFI does not operate a commercial revenue model in the traditional sense; its activities are supported through membership dues, training programs, and research services directed at its institutional members. No specific pricing, products, or commercial offerings are disclosed in the available source data, and there are no recorded acquisitions, funding rounds, or strategic partnerships on file.
General Council for Islamic Banks and Financial Institutions firmographics
Firmographics- Name
- General Council for Islamic Banks and Financial Institutions
- Legal name
- General Council for Islamic Banks and Financial Institutions
- Website
- https://cibafi.org
- Company type
- Private
- Founded year
- 2001
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- General Council for Islamic Banks and Financial Institutions (CIBAFI) is a Bahrain-based non-profit industry association founded in 2001 that provides advocacy, research, and professional development to Islamic banks and financial institutions worldwide, currently undergoing a digital transformation to modernize its member engagement.
- Ownership category
- akta.pro rank
General Council for Islamic Banks and Financial Institutions industry classification
Industry- Product category
- Islamic Finance Industry Association
- NAICS
- Professional Organizations (81392), Business Associations (813910)
- SIC
- International Affairs (9721)
- akta.pro primary industry
- Shariah Governance, Compliance & Advisory (Shariah Boards, Audit, Fatwa) (FSABAGAJ)
- akta.pro secondary industries
- Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH), Islamic Colleges & Sharia/Fiqh Institutes (EDAHAKAI)
Keywords
Where General Council for Islamic Banks and Financial Institutions is headquartered
LocationHeadquarters
- HQ city
- Manama
- HQ country
- Bahrain
- HQ region
- Middle East
Offices1 record
Markets served
General Council for Islamic Banks and Financial Institutions business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Distribution channels1 record
Marketing channels3 records
General Council for Islamic Banks and Financial Institutions product offering
Product offeringCore offering
CIBAFI is an international non-profit industry association that supports the global Islamic finance industry through advocacy, research, and professional development. It represents Islamic banks and financial institutions worldwide, providing industry representation, professional resources, and guidance to strengthen the Islamic finance ecosystem.
Differentiator
Problem solved
Functional benefit
Products and services
- Industry Advocacy Services
Companies that use General Council for Islamic Banks and Financial Institutions
Customer profileSegments1 record
Ideal customer profiles1 record
General Council for Islamic Banks and Financial Institutions technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
General Council for Islamic Banks and Financial Institutions partnerships and signals
Strategic signalRecent moves2 records
Expansion highlights2 records
General Council for Islamic Banks and Financial Institutions competitors and assessment
Company assessmentDirect peers
- AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions): AAOIFI is the leading global standards-setting body for Shariah-compliant accounting, auditing, governance, and ethics. It is the most directly comparable peer to CIBAFI, as both are Bahrain-based non-profit industry bodies serving Islamic financial institutions with advocacy, research, and standards-related work.
- IFSB (Islamic Financial Services Board): IFSB issues prudential and supervisory standards for the Islamic financial services industry and is also based in Kuala Lumpur/Malaysia. It is a direct peer as a multilateral standard-setter serving the same Islamic finance regulatory community CIBAFI addresses.
- IIFM (International Islamic Financial Market): IIFM is a Bahrain-based industry body focused on Islamic capital and money market product development and standardization. It overlaps with CIBAFI's advocacy and product-development mandate for Islamic financial institutions.
- IIRA (Islamic International Rating Agency): IIRA provides credit ratings for Islamic financial institutions and is part of the same Bahrain-based Islamic finance infrastructure cluster. It is a peer as another specialized industry body serving Islamic banks and financial institutions.
Regional players
- Bahrain Association of Banks (BAB): BAB is the local Bahraini banking industry association. It is a comparable peer at the national level, while CIBAFI's mandate is global — useful for understanding how a smaller-scope industry association operates alongside a larger global body.
Emerging players
- INCEIF University (International Centre for Education in Islamic Finance): INCEIF is a Malaysia-based university dedicated to Islamic finance education and research. It is a peer in the training/research vertical of the Islamic finance ecosystem that CIBAFI also addresses via professional development.
Broad incumbents
- IsDB (Islamic Development Bank Group): IsDB is a multilateral development bank serving 57 member countries with a strong Islamic finance mandate. It is a broad incumbent that overlaps with CIBAFI's institutional advocacy and capacity-building agenda at much larger scale.
- Bank Negara Malaysia (Central Bank of Malaysia): Bank Negara Malaysia operates the Shariah Advisory Council and is a leading Islamic finance regulator. It is a broad incumbent whose Islamic finance governance, advisory, and standards work overlaps with CIBAFI's mandate at national/regulator scale.
- Saudi Central Bank (SAMA): SAMA is the Saudi Arabian central bank and the regulator of a large share of global Islamic banking assets. It is a broad incumbent with overlapping Islamic finance governance, compliance, and Shariah advisory functions relative to CIBAFI's work.
Others
- Harvard Islamic Finance Information Program (IFIP): IFIP is an academic research program focused on Islamic finance policy and law. It is an adjacent/thematic peer — not a competitor, but a complementary research and policy ecosystem participant to CIBAFI's advocacy and research activities.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
General Council for Islamic Banks and Financial Institutions social profiles
Digital presenceGeneral Council for Islamic Banks and Financial Institutions financial estimates
Financial estimateRevenue estimate
Valuation estimate
General Council for Islamic Banks and Financial Institutions leadership team
Management profileNumber of profiles
General Council for Islamic Banks and Financial Institutions funding detail
Funding detailFunding overview
Funding rounds
Investors
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General Council for Islamic Banks and Financial Institutions M&A and investment
M&A and investmentM&A
Investments
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Frequently asked questions about General Council for Islamic Banks and Financial Institutions
What does General Council for Islamic Banks and Financial Institutions do?
CIBAFI is an international non-profit industry association that supports the global Islamic finance industry through advocacy, research, and professional development. It represents Islamic banks and financial institutions worldwide, providing industry representation, professional resources, and guidance to strengthen the Islamic finance ecosystem.
Is General Council for Islamic Banks and Financial Institutions a public or private company?
General Council for Islamic Banks and Financial Institutions is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was General Council for Islamic Banks and Financial Institutions founded?
General Council for Islamic Banks and Financial Institutions was founded in 2001. It employs 11 to 50 people.
Where is General Council for Islamic Banks and Financial Institutions based?
General Council for Islamic Banks and Financial Institutions is headquartered in Manama, Bahrain, in the Middle East region.
Who are General Council for Islamic Banks and Financial Institutions's main competitors?
Direct peers on record are AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions), IFSB (Islamic Financial Services Board), IIFM (International Islamic Financial Market) and IIRA (Islamic International Rating Agency). Bahrain Association of Banks (BAB) is listed as a regional player. INCEIF University (International Centre for Education in Islamic Finance) is listed as an emerging player. Broad incumbents are IsDB (Islamic Development Bank Group), Bank Negara Malaysia (Central Bank of Malaysia) and Saudi Central Bank (SAMA). Harvard Islamic Finance Information Program (IFIP) is listed as an others.
Does General Council for Islamic Banks and Financial Institutions have an API?
No public API is recorded for General Council for Islamic Banks and Financial Institutions.
What industry is General Council for Islamic Banks and Financial Institutions in?
General Council for Islamic Banks and Financial Institutions's product category is Islamic Finance Industry Association. Its primary akta.pro industry code is FSABAGAJ, Shariah Governance, Compliance & Advisory (Shariah Boards, Audit, Fatwa), with a secondary code of FSABAGAH, Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam). Its NAICS code is 81392 and its SIC code is 9721.