The International Islamic Financial Market (IIFM) has launched its new corporate identity, reflecting the institution’s new proactive approach to become a major player in the global Islamic banking and finance industry.
The corporate logo has been changed, to more accurately portray the IIFM’s key role in developing Islamic capital and money markets. The new logo, in green and gold, depicts two interlocking circles symbolizing the convergence of conventional mode of finance with Islamic finance.
“The new logo better illustrates the IIFM’s corporate identity and where the IIFM is headed in the future,” said Mr. Ijlal Alvi, Chief Executive Officer of the IIFM.
“The logic behind the new logo is that it conveys the trends of convergence of conventional and Islamic finance patterns on a global basis.”
The new corporate identity, incorporating the new logo, is also being implemented in a completely redesigned website at www.iifm.net
The website is being re-developed and will continue to be improved in the coming months.
The new corporate identity and logo are key elements of a new, revised business plan being finalised by the IIFM. The new plan is designed to position the IIFM as an active player in stimulating Islamic capital and money market activities globally.
Meanwhile, the IIFM is organising its first major conference, as part of a comprehensive programme to stimulate market awareness in niche markets.
The conference on Islamic Banking and Money Markets will be held on 14th and 15th September 2005 at Sheraton Hotel, Karachi, Pakistan.
“Our aim is to provide a platform for bringing international experience into a national market, which has tremendous potential and growing demand,” said Mr. Alvi.
The event will be the first of its kind in Pakistan and about 37 experts, 25 from GCC and Malaysia, will share their views. Experts will make recommendations/suggestions with regard to Islamic finance in general and Islamic money market in particular.
The International Islamic Financial Market (IIFM), based in Bahrain, is an international infrastructure, non-profit institution, which was founded in April 2002 as a result of the collective efforts of the central banks/monetary agencies of Bahrain, Malaysia, Brunei, Indonesia and Sudan, as well as the Islamic Development Bank. The IIFM’s core task is to develop the global primary Islamic money and capital markets and, subsequently, create a secondary market for Islamic capital market instruments. The IIFM is also focused on the advancement and standardization of Islamic financial instrument structures and contracts, infrastructure and product development, issuance of guidelines and enhancing the cooperative framework among Islamic financial institutions.
