{
  "schema": "isof.directory.v1",
  "name": "Directory of Islamic finance standard setters, regulators and Shariah authorities",
  "url": "https://islamicopenfinance.com/directory/",
  "publisher": "IslamicOpenFinance™",
  "notice": "Listing is not endorsement, ranking or partnership. Every entry comes from an official list or the body's own official site, with the date it was checked. No logos.",
  "corrections": "https://islamicopenfinance.com/directory/#correct",
  "updated": "2026-10-01",
  "count": 65,
  "taxonomy": {
    "tiers": [
      {
        "key": "standards",
        "order": 1,
        "name": "Standard setters and international Islamic finance bodies"
      },
      {
        "key": "policy",
        "order": 2,
        "name": "Central banks, regulators and national Shariah authorities"
      },
      {
        "key": "innovation",
        "order": 3,
        "name": "Sandboxes and innovation hubs"
      },
      {
        "key": "rails",
        "order": 4,
        "name": "Market infrastructure, liquidity and deposit insurance"
      }
    ],
    "categories": [
      {
        "key": "standard-setter",
        "name": "Standard setter",
        "tier": "standards",
        "color": "#1F9D55"
      },
      {
        "key": "fiqh-body",
        "name": "International fiqh body",
        "tier": "standards",
        "color": "#0B0B0B"
      },
      {
        "key": "international-body",
        "name": "International Islamic finance institution",
        "tier": "standards",
        "color": "#167A42"
      },
      {
        "key": "shariah-authority",
        "name": "National Shariah authority",
        "tier": "policy",
        "color": "#5A5A5A"
      },
      {
        "key": "central-bank",
        "name": "Central bank or monetary authority",
        "tier": "policy",
        "color": "#0B0B0B"
      },
      {
        "key": "securities-regulator",
        "name": "Securities and capital market regulator",
        "tier": "policy",
        "color": "#374151"
      },
      {
        "key": "insurance-regulator",
        "name": "Insurance and takaful regulator",
        "tier": "policy",
        "color": "#4B5563"
      },
      {
        "key": "banking-regulator",
        "name": "Banking regulator",
        "tier": "policy",
        "color": "#1F2937"
      },
      {
        "key": "free-zone-regulator",
        "name": "Financial centre regulator",
        "tier": "policy",
        "color": "#6B6B6B"
      },
      {
        "key": "sandbox",
        "name": "Regulatory sandbox",
        "tier": "innovation",
        "color": "#1F9D55"
      },
      {
        "key": "innovation-hub",
        "name": "Innovation hub",
        "tier": "innovation",
        "color": "#167A42"
      },
      {
        "key": "market-infra",
        "name": "Exchange and market infrastructure",
        "tier": "rails",
        "color": "#8A6A12"
      },
      {
        "key": "liquidity",
        "name": "Liquidity and refinancing",
        "tier": "rails",
        "color": "#92400E"
      },
      {
        "key": "deposit-insurance",
        "name": "Deposit insurance",
        "tier": "rails",
        "color": "#78716C"
      }
    ],
    "tags": [
      {
        "key": "int",
        "name": "International"
      },
      {
        "key": "my",
        "name": "Malaysia"
      },
      {
        "key": "sa",
        "name": "Saudi Arabia"
      },
      {
        "key": "ae",
        "name": "United Arab Emirates"
      },
      {
        "key": "bh",
        "name": "Bahrain"
      },
      {
        "key": "qa",
        "name": "Qatar"
      },
      {
        "key": "kw",
        "name": "Kuwait"
      },
      {
        "key": "om",
        "name": "Oman"
      },
      {
        "key": "jo",
        "name": "Jordan"
      },
      {
        "key": "ps",
        "name": "Palestine"
      },
      {
        "key": "eg",
        "name": "Egypt"
      },
      {
        "key": "ma",
        "name": "Morocco"
      },
      {
        "key": "tr",
        "name": "Türkiye"
      },
      {
        "key": "id",
        "name": "Indonesia"
      },
      {
        "key": "bn",
        "name": "Brunei Darussalam"
      },
      {
        "key": "bd",
        "name": "Bangladesh"
      },
      {
        "key": "pk",
        "name": "Pakistan"
      },
      {
        "key": "mv",
        "name": "Maldives"
      },
      {
        "key": "kz",
        "name": "Kazakhstan"
      },
      {
        "key": "ng",
        "name": "Nigeria"
      },
      {
        "key": "mu",
        "name": "Mauritius"
      },
      {
        "key": "gb",
        "name": "United Kingdom"
      },
      {
        "key": "sg",
        "name": "Singapore"
      },
      {
        "key": "hk",
        "name": "Hong Kong SAR"
      },
      {
        "key": "ifsb-full",
        "name": "IFSB full member"
      },
      {
        "key": "ifsb-associate",
        "name": "IFSB associate member"
      },
      {
        "key": "ifsb-observer",
        "name": "IFSB observer member"
      },
      {
        "key": "aaoifi-regulatory",
        "name": "AAOIFI regulatory member"
      },
      {
        "key": "aaoifi-adoption",
        "name": "Jurisdiction listed on AAOIFI's adoption page"
      },
      {
        "key": "shariah-governance",
        "name": "Published Shariah governance rules"
      },
      {
        "key": "islamic-rules",
        "name": "Published Islamic finance rules"
      },
      {
        "key": "open-finance",
        "name": "Open banking or open finance framework"
      },
      {
        "key": "sukuk",
        "name": "Sukuk"
      },
      {
        "key": "takaful",
        "name": "Takaful"
      },
      {
        "key": "liquidity",
        "name": "Liquidity management"
      },
      {
        "key": "state",
        "name": "Public body"
      }
    ],
    "sectors": [
      {
        "slug": "retail-banking",
        "name": "Retail Islamic banking",
        "url": "https://islamicopenfinance.com/sectors/retail-banking/"
      },
      {
        "slug": "home-finance",
        "name": "Home finance",
        "url": "https://islamicopenfinance.com/sectors/home-finance/"
      },
      {
        "slug": "auto-finance",
        "name": "Auto finance",
        "url": "https://islamicopenfinance.com/sectors/auto-finance/"
      },
      {
        "slug": "hajj-umrah",
        "name": "Hajj and Umrah travel and savings",
        "url": "https://islamicopenfinance.com/sectors/hajj-umrah/"
      },
      {
        "slug": "sme-trade",
        "name": "SME and trade finance",
        "url": "https://islamicopenfinance.com/sectors/sme-trade/"
      },
      {
        "slug": "corporate-treasury",
        "name": "Corporate treasury",
        "url": "https://islamicopenfinance.com/sectors/corporate-treasury/"
      },
      {
        "slug": "food-supply-chains",
        "name": "Food and agriculture supply chains",
        "url": "https://islamicopenfinance.com/sectors/food-supply-chains/"
      },
      {
        "slug": "real-estate",
        "name": "Real estate and construction",
        "url": "https://islamicopenfinance.com/sectors/real-estate/"
      },
      {
        "slug": "energy-infrastructure",
        "name": "Energy and infrastructure projects",
        "url": "https://islamicopenfinance.com/sectors/energy-infrastructure/"
      },
      {
        "slug": "ecommerce",
        "name": "E-commerce and marketplaces",
        "url": "https://islamicopenfinance.com/sectors/ecommerce/"
      },
      {
        "slug": "sukuk-issuers",
        "name": "Sovereign and corporate sukuk issuers",
        "url": "https://islamicopenfinance.com/sectors/sukuk-issuers/"
      },
      {
        "slug": "asset-management",
        "name": "Islamic funds and asset management",
        "url": "https://islamicopenfinance.com/sectors/asset-management/"
      },
      {
        "slug": "takaful",
        "name": "Takaful and retakaful",
        "url": "https://islamicopenfinance.com/sectors/takaful/"
      },
      {
        "slug": "microfinance",
        "name": "Islamic microfinance",
        "url": "https://islamicopenfinance.com/sectors/microfinance/"
      },
      {
        "slug": "waqf-zakat",
        "name": "Waqf and zakat institutions",
        "url": "https://islamicopenfinance.com/sectors/waqf-zakat/"
      },
      {
        "slug": "public-sector",
        "name": "Government and public sector",
        "url": "https://islamicopenfinance.com/sectors/public-sector/"
      }
    ]
  },
  "entries": [
    {
      "id": "aaoifi",
      "url": "https://islamicopenfinance.com/directory/#aaoifi",
      "name": "Accounting and Auditing Organization for Islamic Financial Institutions",
      "short": "AAOIFI",
      "category": "standard-setter",
      "tier": "standards",
      "tags": [
        "int",
        "bh"
      ],
      "sectors": [],
      "role": "Issues Shari'ah, accounting, auditing, governance and ethics standards for Islamic financial institutions.",
      "site": "https://aaoifi.com",
      "source": {
        "title": "AAOIFI: About AAOIFI",
        "url": "https://aaoifi.com/about-aaoifi/?lang=en",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "ifsb",
      "url": "https://islamicopenfinance.com/directory/#ifsb",
      "name": "Islamic Financial Services Board",
      "short": "IFSB",
      "category": "standard-setter",
      "tier": "standards",
      "tags": [
        "int",
        "my"
      ],
      "sectors": [],
      "role": "Issues prudential standards and guiding principles for Islamic banking, capital markets and takaful.",
      "site": "https://www.ifsb.org",
      "source": {
        "title": "Islamic Financial Services Board: home",
        "url": "https://www.ifsb.org/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "iifm",
      "url": "https://islamicopenfinance.com/directory/#iifm",
      "name": "International Islamic Financial Market",
      "short": "IIFM",
      "category": "standard-setter",
      "tier": "standards",
      "tags": [
        "int",
        "bh",
        "liquidity"
      ],
      "sectors": [],
      "role": "Standardises Islamic financial contracts and product templates, including hedging and money-market documentation.",
      "site": "https://www.iifm.net",
      "source": {
        "title": "International Islamic Financial Market: home",
        "url": "https://www.iifm.net/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "iifa",
      "url": "https://islamicopenfinance.com/directory/#iifa",
      "name": "International Islamic Fiqh Academy",
      "short": "IIFA",
      "category": "fiqh-body",
      "tier": "standards",
      "tags": [
        "int"
      ],
      "sectors": [],
      "role": "Collective fiqh body of the Organization of Islamic Cooperation; publishes resolutions, including on financial transactions.",
      "site": "https://iifa-aifi.org",
      "source": {
        "title": "International Islamic Fiqh Academy: home",
        "url": "https://iifa-aifi.org/en",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "iilm",
      "url": "https://islamicopenfinance.com/directory/#iilm",
      "name": "International Islamic Liquidity Management Corporation",
      "short": "IILM",
      "category": "international-body",
      "tier": "standards",
      "tags": [
        "int",
        "my",
        "liquidity",
        "sukuk"
      ],
      "sectors": [],
      "role": "Issues Islamic instruments for cross-border Islamic liquidity management; established by central banks and a multilateral.",
      "site": "https://iilm.com",
      "source": {
        "title": "IILM: About us",
        "url": "https://iilm.com/v2/en/about-us/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "isdb",
      "url": "https://islamicopenfinance.com/directory/#isdb",
      "name": "Islamic Development Bank",
      "short": "IsDB",
      "category": "international-body",
      "tier": "standards",
      "tags": [
        "int",
        "ifsb-full",
        "aaoifi-adoption"
      ],
      "sectors": [],
      "role": "Multilateral development bank; listed by IFSB as a full member and by AAOIFI among those following its Shari'ah standards.",
      "site": "https://www.isdb.org",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "icd",
      "url": "https://islamicopenfinance.com/directory/#icd",
      "name": "Islamic Corporation for the Development of the Private Sector",
      "short": "ICD",
      "category": "international-body",
      "tier": "standards",
      "tags": [
        "int",
        "ifsb-observer"
      ],
      "sectors": [],
      "role": "Private-sector arm of the IsDB Group; an IFSB observer member.",
      "parent": "isdb",
      "site": "https://icd-ps.org",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "iciec",
      "url": "https://islamicopenfinance.com/directory/#iciec",
      "name": "Islamic Corporation for the Insurance of Investment and Export Credit",
      "short": "ICIEC",
      "category": "international-body",
      "tier": "standards",
      "tags": [
        "int",
        "ifsb-observer"
      ],
      "sectors": [],
      "role": "Investment and export credit insurer of the IsDB Group; an IFSB observer member.",
      "parent": "isdb",
      "site": "https://iciec.isdb.org",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "bnm-sac",
      "url": "https://islamicopenfinance.com/directory/#bnm-sac",
      "name": "Shariah Advisory Council of Bank Negara Malaysia",
      "short": "BNM SAC",
      "category": "shariah-authority",
      "tier": "policy",
      "tags": [
        "my",
        "state"
      ],
      "sectors": [],
      "role": "Highest Shariah authority for Islamic financial institutions in Malaysia, with its role reinforced by the Central Bank of Malaysia Act 2009.",
      "parent": "bnm",
      "site": "https://www.bnm.gov.my/committees/sac",
      "source": {
        "title": "Bank Negara Malaysia: Shariah Advisory Council of BNM",
        "url": "https://www.bnm.gov.my/committees/sac",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "sc-sac",
      "url": "https://islamicopenfinance.com/directory/#sc-sac",
      "name": "Shariah Advisory Council of the Securities Commission Malaysia",
      "short": "SC SAC",
      "category": "shariah-authority",
      "tier": "policy",
      "tags": [
        "my",
        "state",
        "sukuk"
      ],
      "sectors": [],
      "role": "Advises the Securities Commission Malaysia on Shariah matters in the Islamic capital market and publishes its resolutions.",
      "parent": "sc-malaysia",
      "site": "https://www.sc.com.my/development/icm/shariah",
      "source": {
        "title": "Securities Commission Malaysia: Shariah (Islamic capital market), SAC resolutions",
        "url": "https://www.sc.com.my/development/icm/shariah",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "uae-hsa",
      "url": "https://islamicopenfinance.com/directory/#uae-hsa",
      "name": "Higher Shari'ah Authority (United Arab Emirates)",
      "short": "Higher Shari'ah Authority",
      "category": "shariah-authority",
      "tier": "policy",
      "tags": [
        "ae",
        "state"
      ],
      "sectors": [],
      "role": "Standardises Shari'ah requirements and Shari'ah governance in the UAE and serves as the primary Shari'ah reference for Islamic finance there.",
      "parent": "cbuae",
      "site": "https://www.centralbank.ae/en/our-operations/islamic-finance/",
      "source": {
        "title": "CBUAE: Islamic finance (Higher Shari'ah Authority)",
        "url": "https://www.centralbank.ae/en/our-operations/islamic-finance/",
        "checked": "2026-09-30",
        "snapshot": "2026-08-24",
        "wayback": "https://web.archive.org/web/20260824105706/https://centralbank.ae/en/our-operations/islamic-finance/",
        "archive": "https://web.archive.org/web/20260824/https://www.centralbank.ae/en/our-operations/islamic-finance/"
      }
    },
    {
      "id": "dsn-mui",
      "url": "https://islamicopenfinance.com/directory/#dsn-mui",
      "name": "Dewan Syariah Nasional, Majelis Ulama Indonesia (National Sharia Board of the Indonesian Council of Ulama)",
      "short": "DSN-MUI",
      "category": "shariah-authority",
      "tier": "policy",
      "tags": [
        "id"
      ],
      "sectors": [],
      "role": "National Sharia Board of the Indonesian Council of Ulama; issues fatwas on Islamic economic and financial activities in Indonesia.",
      "site": "https://dsnmui.or.id",
      "source": {
        "title": "DSN-MUI: Dewan Syariah Nasional, Majelis Ulama Indonesia (home and fatwa list)",
        "url": "https://dsnmui.or.id/kategori/fatwa/",
        "checked": "2026-10-01"
      }
    },
    {
      "id": "bnm",
      "url": "https://islamicopenfinance.com/directory/#bnm",
      "name": "Bank Negara Malaysia",
      "short": "BNM",
      "category": "central-bank",
      "tier": "policy",
      "tags": [
        "my",
        "ifsb-full",
        "shariah-governance",
        "islamic-rules",
        "state"
      ],
      "sectors": [],
      "role": "Central bank of Malaysia; licenses and supervises Islamic banks and takaful operators and publishes Shariah standards and policy documents.",
      "site": "https://www.bnm.gov.my",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "sama",
      "url": "https://islamicopenfinance.com/directory/#sama",
      "name": "Saudi Central Bank",
      "short": "SAMA",
      "category": "central-bank",
      "tier": "policy",
      "tags": [
        "sa",
        "ifsb-full",
        "shariah-governance",
        "open-finance",
        "state"
      ],
      "sectors": [],
      "role": "Central bank of Saudi Arabia; publishes a Shariah governance framework for local banks and runs an open banking programme.",
      "site": "https://www.sama.gov.sa",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "cbuae",
      "url": "https://islamicopenfinance.com/directory/#cbuae",
      "name": "Central Bank of the United Arab Emirates",
      "short": "CBUAE",
      "category": "central-bank",
      "tier": "policy",
      "tags": [
        "ae",
        "ifsb-full",
        "aaoifi-adoption",
        "shariah-governance",
        "open-finance",
        "state"
      ],
      "sectors": [],
      "role": "Central bank of the UAE; issues rules for Islamic financial institutions, internal Shari'ah supervision committees and open finance.",
      "site": "https://www.centralbank.ae",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "cbb",
      "url": "https://islamicopenfinance.com/directory/#cbb",
      "name": "Central Bank of Bahrain",
      "short": "CBB",
      "category": "central-bank",
      "tier": "policy",
      "tags": [
        "bh",
        "ifsb-full",
        "aaoifi-adoption",
        "islamic-rules",
        "open-finance",
        "state"
      ],
      "sectors": [],
      "role": "Central bank of Bahrain; its rulebook has a volume for Islamic banks, and it runs a FinTech & Innovation Unit and a regulatory sandbox.",
      "site": "https://www.cbb.gov.bh",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "qcb",
      "url": "https://islamicopenfinance.com/directory/#qcb",
      "name": "Qatar Central Bank",
      "short": "QCB",
      "category": "central-bank",
      "tier": "policy",
      "tags": [
        "qa",
        "ifsb-full",
        "aaoifi-regulatory",
        "aaoifi-adoption",
        "state"
      ],
      "sectors": [],
      "role": "Central bank of Qatar; an IFSB full member and AAOIFI regulatory member, in a jurisdiction AAOIFI lists as applying its standards.",
      "site": "https://www.qcb.gov.qa",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "cbk",
      "url": "https://islamicopenfinance.com/directory/#cbk",
      "name": "Central Bank of Kuwait",
      "short": "CBK",
      "category": "central-bank",
      "tier": "policy",
      "tags": [
        "kw",
        "ifsb-full",
        "islamic-rules",
        "shariah-governance",
        "state"
      ],
      "sectors": [],
      "role": "Central bank of Kuwait; publishes instructions for Islamic banks, including on Shari'ah governance.",
      "site": "https://www.cbk.gov.kw",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "cbo",
      "url": "https://islamicopenfinance.com/directory/#cbo",
      "name": "Central Bank of Oman",
      "short": "CBO",
      "category": "central-bank",
      "tier": "policy",
      "tags": [
        "om",
        "ifsb-full",
        "aaoifi-adoption",
        "islamic-rules",
        "state"
      ],
      "sectors": [],
      "role": "Central bank of Oman; an IFSB full member, in a jurisdiction AAOIFI lists as applying its standards.",
      "site": "https://cbo.gov.om",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "cbj",
      "url": "https://islamicopenfinance.com/directory/#cbj",
      "name": "Central Bank of Jordan",
      "short": "CBJ",
      "category": "central-bank",
      "tier": "policy",
      "tags": [
        "jo",
        "ifsb-full",
        "aaoifi-regulatory",
        "aaoifi-adoption",
        "state"
      ],
      "sectors": [],
      "role": "Central bank of Jordan; an IFSB full member and AAOIFI regulatory member, in a jurisdiction AAOIFI lists as applying its standards.",
      "site": "https://www.cbj.gov.jo",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "pma",
      "url": "https://islamicopenfinance.com/directory/#pma",
      "name": "Palestine Monetary Authority",
      "short": "PMA",
      "category": "central-bank",
      "tier": "policy",
      "tags": [
        "ps",
        "ifsb-associate",
        "aaoifi-regulatory",
        "aaoifi-adoption",
        "state"
      ],
      "sectors": [],
      "role": "Monetary authority and banking regulator of Palestine; an IFSB associate member and AAOIFI regulatory member.",
      "site": "https://www.pma.ps",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "cbe",
      "url": "https://islamicopenfinance.com/directory/#cbe",
      "name": "Central Bank of Egypt",
      "short": "CBE",
      "category": "central-bank",
      "tier": "policy",
      "tags": [
        "eg",
        "ifsb-full",
        "state"
      ],
      "sectors": [],
      "role": "Central bank of Egypt; an IFSB full member.",
      "site": "https://www.cbe.org.eg",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "bam",
      "url": "https://islamicopenfinance.com/directory/#bam",
      "name": "Bank Al-Maghrib",
      "short": "Bank Al-Maghrib",
      "category": "central-bank",
      "tier": "policy",
      "tags": [
        "ma",
        "ifsb-full",
        "aaoifi-regulatory",
        "state"
      ],
      "sectors": [],
      "role": "Central bank of Morocco; an IFSB full member and AAOIFI regulatory member.",
      "site": "https://www.bkam.ma",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "tcmb",
      "url": "https://islamicopenfinance.com/directory/#tcmb",
      "name": "Central Bank of the Republic of Türkiye",
      "short": "CBRT",
      "category": "central-bank",
      "tier": "policy",
      "tags": [
        "tr",
        "ifsb-full",
        "state"
      ],
      "sectors": [],
      "role": "Central bank of Türkiye; an IFSB full member.",
      "site": "https://www.tcmb.gov.tr",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "bi",
      "url": "https://islamicopenfinance.com/directory/#bi",
      "name": "Bank Indonesia",
      "short": "BI",
      "category": "central-bank",
      "tier": "policy",
      "tags": [
        "id",
        "ifsb-full",
        "state"
      ],
      "sectors": [],
      "role": "Central bank of Indonesia, responsible for monetary policy, including sharia monetary operations, and the payment system.",
      "site": "https://www.bi.go.id",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "bdcb",
      "url": "https://islamicopenfinance.com/directory/#bdcb",
      "name": "Brunei Darussalam Central Bank",
      "short": "BDCB",
      "category": "central-bank",
      "tier": "policy",
      "tags": [
        "bn",
        "ifsb-full",
        "state"
      ],
      "sectors": [],
      "role": "Central bank and financial regulator of Brunei Darussalam; an IFSB full member.",
      "site": "https://www.bdcb.gov.bn",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "bb",
      "url": "https://islamicopenfinance.com/directory/#bb",
      "name": "Bangladesh Bank",
      "short": "Bangladesh Bank",
      "category": "central-bank",
      "tier": "policy",
      "tags": [
        "bd",
        "ifsb-full",
        "aaoifi-regulatory",
        "state"
      ],
      "sectors": [],
      "role": "Central bank of Bangladesh; an IFSB full member and AAOIFI regulatory member.",
      "site": "https://www.bb.org.bd",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "sbp",
      "url": "https://islamicopenfinance.com/directory/#sbp",
      "name": "State Bank of Pakistan",
      "short": "SBP",
      "category": "central-bank",
      "tier": "policy",
      "tags": [
        "pk",
        "ifsb-full",
        "aaoifi-regulatory",
        "aaoifi-adoption",
        "state"
      ],
      "sectors": [],
      "role": "Central bank of Pakistan; an IFSB full member and AAOIFI regulatory member, in a jurisdiction AAOIFI lists as applying its standards.",
      "site": "https://www.sbp.org.pk",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "mma",
      "url": "https://islamicopenfinance.com/directory/#mma",
      "name": "Maldives Monetary Authority",
      "short": "MMA",
      "category": "central-bank",
      "tier": "policy",
      "tags": [
        "mv",
        "ifsb-observer",
        "aaoifi-regulatory",
        "state"
      ],
      "sectors": [],
      "role": "Central bank of the Maldives; an IFSB observer member and AAOIFI regulatory member.",
      "site": "https://www.mma.gov.mv",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "cbn",
      "url": "https://islamicopenfinance.com/directory/#cbn",
      "name": "Central Bank of Nigeria",
      "short": "CBN",
      "category": "central-bank",
      "tier": "policy",
      "tags": [
        "ng",
        "ifsb-full",
        "aaoifi-adoption",
        "state"
      ],
      "sectors": [],
      "role": "Central bank of Nigeria and regulator of its non-interest banks; an IFSB full member.",
      "site": "https://www.cbn.gov.ng",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "bom",
      "url": "https://islamicopenfinance.com/directory/#bom",
      "name": "Bank of Mauritius",
      "short": "Bank of Mauritius",
      "category": "central-bank",
      "tier": "policy",
      "tags": [
        "mu",
        "ifsb-full",
        "aaoifi-adoption",
        "state"
      ],
      "sectors": [],
      "role": "Central bank of Mauritius; an IFSB full member, in a jurisdiction AAOIFI lists as applying its standards.",
      "site": "https://www.bom.mu",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "boe",
      "url": "https://islamicopenfinance.com/directory/#boe",
      "name": "Bank of England",
      "short": "Bank of England",
      "category": "central-bank",
      "tier": "policy",
      "tags": [
        "gb",
        "ifsb-associate",
        "state"
      ],
      "sectors": [],
      "role": "Central bank of the United Kingdom; an IFSB associate member.",
      "site": "https://www.bankofengland.co.uk",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "mas",
      "url": "https://islamicopenfinance.com/directory/#mas",
      "name": "Monetary Authority of Singapore",
      "short": "MAS",
      "category": "central-bank",
      "tier": "policy",
      "tags": [
        "sg",
        "ifsb-associate",
        "islamic-rules",
        "state"
      ],
      "sectors": [],
      "role": "Central bank and integrated regulator of Singapore; publishes guidelines on applying banking regulations to Islamic banking.",
      "site": "https://www.mas.gov.sg",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "hkma",
      "url": "https://islamicopenfinance.com/directory/#hkma",
      "name": "Hong Kong Monetary Authority",
      "short": "HKMA",
      "category": "central-bank",
      "tier": "policy",
      "tags": [
        "hk",
        "ifsb-associate",
        "state"
      ],
      "sectors": [],
      "role": "Monetary authority and banking regulator of Hong Kong SAR; an IFSB associate member.",
      "site": "https://www.hkma.gov.hk",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "sc-malaysia",
      "url": "https://islamicopenfinance.com/directory/#sc-malaysia",
      "name": "Securities Commission Malaysia",
      "short": "SC Malaysia",
      "category": "securities-regulator",
      "tier": "policy",
      "tags": [
        "my",
        "ifsb-full",
        "sukuk",
        "state"
      ],
      "sectors": [],
      "role": "Capital market regulator of Malaysia, including the Islamic capital market, sukuk and Islamic funds.",
      "site": "https://www.sc.com.my",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "cma-sa",
      "url": "https://islamicopenfinance.com/directory/#cma-sa",
      "name": "Capital Market Authority (Saudi Arabia)",
      "short": "CMA",
      "category": "securities-regulator",
      "tier": "policy",
      "tags": [
        "sa",
        "ifsb-full",
        "aaoifi-regulatory",
        "sukuk",
        "state"
      ],
      "sectors": [],
      "role": "Capital market regulator of Saudi Arabia, including offers of sukuk; an IFSB full member and AAOIFI regulatory member.",
      "site": "https://cma.gov.sa",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "uae-cma",
      "url": "https://islamicopenfinance.com/directory/#uae-cma",
      "name": "Capital Market Authority (United Arab Emirates)",
      "short": "CMA (UAE)",
      "category": "securities-regulator",
      "tier": "policy",
      "tags": [
        "ae",
        "ifsb-observer",
        "state"
      ],
      "sectors": [],
      "role": "Federal capital market regulator of the UAE; listed by IFSB as an observer under its former name, Emirates Securities and Commodities Authority.",
      "site": "https://www.sca.gov.ae",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "qfma",
      "url": "https://islamicopenfinance.com/directory/#qfma",
      "name": "Qatar Financial Markets Authority",
      "short": "QFMA",
      "category": "securities-regulator",
      "tier": "policy",
      "tags": [
        "qa",
        "ifsb-associate",
        "state"
      ],
      "sectors": [],
      "role": "Capital market regulator of Qatar; an IFSB associate member.",
      "site": "https://www.qfma.org.qa",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "cma-kw",
      "url": "https://islamicopenfinance.com/directory/#cma-kw",
      "name": "Capital Markets Authority (Kuwait)",
      "short": "CMA Kuwait",
      "category": "securities-regulator",
      "tier": "policy",
      "tags": [
        "kw",
        "aaoifi-regulatory",
        "state"
      ],
      "sectors": [],
      "role": "Capital market regulator of Kuwait; an AAOIFI regulatory member.",
      "site": "https://www.cma.gov.kw",
      "source": {
        "title": "AAOIFI: AAOIFI Regulatory Members",
        "url": "https://aaoifi.com/aaoifi-regulatory-members/?lang=en",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "fsa-om",
      "url": "https://islamicopenfinance.com/directory/#fsa-om",
      "name": "Financial Services Authority (Oman)",
      "short": "FSA Oman",
      "category": "securities-regulator",
      "tier": "policy",
      "tags": [
        "om",
        "ifsb-associate",
        "state"
      ],
      "sectors": [],
      "role": "Financial regulator in Oman; an IFSB associate member.",
      "site": "https://www.fsa.gov.om",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "secp",
      "url": "https://islamicopenfinance.com/directory/#secp",
      "name": "Securities and Exchange Commission of Pakistan",
      "short": "SECP",
      "category": "securities-regulator",
      "tier": "policy",
      "tags": [
        "pk",
        "ifsb-observer",
        "state"
      ],
      "sectors": [],
      "role": "Securities and corporate regulator of Pakistan; an IFSB observer member.",
      "site": "https://www.secp.gov.pk",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "sec-ng",
      "url": "https://islamicopenfinance.com/directory/#sec-ng",
      "name": "Securities and Exchange Commission (Nigeria)",
      "short": "SEC Nigeria",
      "category": "securities-regulator",
      "tier": "policy",
      "tags": [
        "ng",
        "ifsb-associate",
        "sukuk",
        "state"
      ],
      "sectors": [],
      "role": "Capital market regulator of Nigeria; an IFSB associate member.",
      "site": "https://sec.gov.ng",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "naicom",
      "url": "https://islamicopenfinance.com/directory/#naicom",
      "name": "National Insurance Commission (Nigeria)",
      "short": "NAICOM",
      "category": "insurance-regulator",
      "tier": "policy",
      "tags": [
        "ng",
        "ifsb-full",
        "takaful",
        "state"
      ],
      "sectors": [],
      "role": "Insurance regulator of Nigeria, including takaful; an IFSB full member.",
      "site": "https://www.naicom.gov.ng",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "bddk",
      "url": "https://islamicopenfinance.com/directory/#bddk",
      "name": "Banking Regulation and Supervision Agency (Türkiye)",
      "short": "BDDK",
      "category": "banking-regulator",
      "tier": "policy",
      "tags": [
        "tr",
        "ifsb-full",
        "aaoifi-regulatory",
        "state"
      ],
      "sectors": [],
      "role": "Banking regulator of Türkiye; an IFSB full member and AAOIFI regulatory member.",
      "site": "https://www.bddk.org.tr",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "ojk",
      "url": "https://islamicopenfinance.com/directory/#ojk",
      "name": "Otoritas Jasa Keuangan (Indonesia Financial Services Authority)",
      "short": "OJK",
      "category": "banking-regulator",
      "tier": "policy",
      "tags": [
        "id",
        "ifsb-full",
        "islamic-rules",
        "state"
      ],
      "sectors": [],
      "role": "Financial services regulator of Indonesia, including sharia banks, sharia units and sharia non-bank institutions.",
      "site": "https://ojk.go.id",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "labuan-fsa",
      "url": "https://islamicopenfinance.com/directory/#labuan-fsa",
      "name": "Labuan Financial Services Authority",
      "short": "Labuan FSA",
      "category": "free-zone-regulator",
      "tier": "policy",
      "tags": [
        "my",
        "ifsb-associate",
        "state"
      ],
      "sectors": [],
      "role": "Regulator of the Labuan International Business and Financial Centre; an IFSB associate member.",
      "site": "https://www.labuanfsa.gov.my",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "dfsa",
      "url": "https://islamicopenfinance.com/directory/#dfsa",
      "name": "Dubai Financial Services Authority",
      "short": "DFSA",
      "category": "free-zone-regulator",
      "tier": "policy",
      "tags": [
        "ae",
        "ifsb-full",
        "aaoifi-adoption",
        "islamic-rules",
        "state"
      ],
      "sectors": [],
      "role": "Regulator of the Dubai International Financial Centre; its Islamic Finance Rules cover Islamic windows, Shari'a boards and Islamic funds.",
      "site": "https://www.dfsa.ae",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "adgm-fsra",
      "url": "https://islamicopenfinance.com/directory/#adgm-fsra",
      "name": "Abu Dhabi Global Market Financial Services Regulatory Authority",
      "short": "ADGM FSRA",
      "category": "free-zone-regulator",
      "tier": "policy",
      "tags": [
        "ae",
        "ifsb-associate",
        "state"
      ],
      "sectors": [],
      "role": "Financial services regulator of Abu Dhabi Global Market; an IFSB associate member.",
      "site": "https://www.adgm.com",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "qfcra",
      "url": "https://islamicopenfinance.com/directory/#qfcra",
      "name": "Qatar Financial Centre Regulatory Authority",
      "short": "QFCRA",
      "category": "free-zone-regulator",
      "tier": "policy",
      "tags": [
        "qa",
        "ifsb-associate",
        "aaoifi-regulatory",
        "aaoifi-adoption",
        "islamic-rules",
        "state"
      ],
      "sectors": [],
      "role": "Regulator of the Qatar Financial Centre; publishes Islamic Finance Rules (ISFI).",
      "site": "https://www.qfcra.com",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "afsa",
      "url": "https://islamicopenfinance.com/directory/#afsa",
      "name": "Astana Financial Services Authority",
      "short": "AFSA",
      "category": "free-zone-regulator",
      "tier": "policy",
      "tags": [
        "kz",
        "aaoifi-regulatory",
        "aaoifi-adoption",
        "state"
      ],
      "sectors": [],
      "role": "Regulator of the Astana International Financial Centre; an AAOIFI regulatory member and listed on AAOIFI's adoption page.",
      "site": "https://afsa.aifc.kz",
      "source": {
        "title": "AAOIFI: AAOIFI Regulatory Members",
        "url": "https://aaoifi.com/aaoifi-regulatory-members/?lang=en",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "bnm-sandbox",
      "url": "https://islamicopenfinance.com/directory/#bnm-sandbox",
      "name": "Bank Negara Malaysia Regulatory Sandbox",
      "category": "sandbox",
      "tier": "innovation",
      "tags": [
        "my",
        "state"
      ],
      "sectors": [],
      "role": "Lets fintech solutions be tested with regulatory flexibilities, through a Standard Sandbox and a Green Lane.",
      "parent": "bnm",
      "site": "https://www.bnm.gov.my/sandbox",
      "source": {
        "title": "Bank Negara Malaysia: Regulatory Sandbox",
        "url": "https://www.bnm.gov.my/sandbox",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "sc-sandbox",
      "url": "https://islamicopenfinance.com/directory/#sc-sandbox",
      "name": "Securities Commission Malaysia Regulatory Sandbox and aFINity",
      "category": "sandbox",
      "tier": "innovation",
      "tags": [
        "my",
        "state"
      ],
      "sectors": [],
      "role": "A controlled environment for capital-market innovations with investor safeguards, alongside the aFINity fintech initiative.",
      "parent": "sc-malaysia",
      "site": "https://www.sc.com.my/development/digital",
      "source": {
        "title": "Securities Commission Malaysia: Digital (Regulatory Sandbox, aFINity)",
        "url": "https://www.sc.com.my/development/digital",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "cbb-sandbox",
      "url": "https://islamicopenfinance.com/directory/#cbb-sandbox",
      "name": "Central Bank of Bahrain Regulatory Sandbox",
      "category": "sandbox",
      "tier": "innovation",
      "tags": [
        "bh",
        "state"
      ],
      "sectors": [],
      "role": "Lets startups, fintech firms and licensees test banking and financial solutions under the CBB FinTech & Innovation Unit's supervision.",
      "parent": "cbb",
      "site": "https://www.cbb.gov.bh/fintech/",
      "source": {
        "title": "Central Bank of Bahrain: FinTech & Innovation",
        "url": "https://www.cbb.gov.bh/fintech/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "sama-sandbox",
      "url": "https://islamicopenfinance.com/directory/#sama-sandbox",
      "name": "SAMA Regulatory Sandbox",
      "category": "sandbox",
      "tier": "innovation",
      "tags": [
        "sa",
        "state"
      ],
      "sectors": [],
      "role": "Framework for testing innovative financial products in Saudi Arabia, with eligibility, testing stages and exit set out in the SAMA Rulebook.",
      "parent": "sama",
      "site": "https://rulebook.sama.gov.sa/en/regulatory-sandbox-framework",
      "source": {
        "title": "SAMA Rulebook: Regulatory Sandbox Framework",
        "url": "https://rulebook.sama.gov.sa/en/regulatory-sandbox-framework",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "cma-fintech-lab",
      "url": "https://islamicopenfinance.com/directory/#cma-fintech-lab",
      "name": "CMA FinTech Lab (Saudi Arabia)",
      "category": "sandbox",
      "tier": "innovation",
      "tags": [
        "sa",
        "state"
      ],
      "sectors": [],
      "role": "Experimental environment where capital-market fintech products test their business models under an experimental permit.",
      "parent": "cma-sa",
      "site": "https://cma.gov.sa/en/Market/fintech/Pages/default.aspx",
      "source": {
        "title": "Capital Market Authority (Saudi Arabia): FinTech",
        "url": "https://cma.gov.sa/en/Market/fintech/Pages/default.aspx",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "dfsa-itl",
      "url": "https://islamicopenfinance.com/directory/#dfsa-itl",
      "name": "DFSA Innovation Testing Licence",
      "category": "sandbox",
      "tier": "innovation",
      "tags": [
        "ae",
        "state"
      ],
      "sectors": [],
      "role": "The DFSA's licensed sandbox, letting holders test innovative products and services in the DIFC in a controlled environment.",
      "parent": "dfsa",
      "site": "https://www.dfsa.ae/innovation",
      "source": {
        "title": "DFSA: Innovation (Innovation Testing Licence)",
        "url": "https://www.dfsa.ae/innovation",
        "checked": "2026-09-30",
        "snapshot": "2025-10-09",
        "wayback": "https://web.archive.org/web/20251009073917/https://www.dfsa.ae/innovation",
        "archive": "https://web.archive.org/web/20251009/https://www.dfsa.ae/innovation"
      }
    },
    {
      "id": "mas-sandbox",
      "url": "https://islamicopenfinance.com/directory/#mas-sandbox",
      "name": "MAS FinTech Regulatory Sandbox",
      "category": "sandbox",
      "tier": "innovation",
      "tags": [
        "sg",
        "state"
      ],
      "sectors": [],
      "role": "Lets financial institutions and fintech firms experiment with innovative financial services in Singapore within a defined space and duration.",
      "parent": "mas",
      "site": "https://www.mas.gov.sg/development/fintech/regulatory-sandbox",
      "source": {
        "title": "MAS: Overview of Regulatory Sandbox",
        "url": "https://www.mas.gov.sg/development/fintech/regulatory-sandbox",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "hkma-fss",
      "url": "https://islamicopenfinance.com/directory/#hkma-fss",
      "name": "HKMA Fintech Supervisory Sandbox",
      "category": "sandbox",
      "tier": "innovation",
      "tags": [
        "hk",
        "state"
      ],
      "sectors": [],
      "role": "Lets banks and partner technology firms run pilot trials with a limited number of customers before full compliance.",
      "parent": "hkma",
      "site": "https://www.hkma.gov.hk/eng/key-functions/international-financial-centre/fintech/fintech-supervisory-sandbox-fss/",
      "source": {
        "title": "HKMA: Fintech Supervisory Sandbox (FSS)",
        "url": "https://www.hkma.gov.hk/eng/key-functions/international-financial-centre/fintech/fintech-supervisory-sandbox-fss/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "fca-sandbox",
      "url": "https://islamicopenfinance.com/directory/#fca-sandbox",
      "name": "FCA Regulatory Sandbox",
      "category": "sandbox",
      "tier": "innovation",
      "tags": [
        "gb",
        "state"
      ],
      "sectors": [],
      "role": "Lets firms test innovative propositions with real consumers in the UK under the Financial Conduct Authority's oversight.",
      "site": "https://www.fca.org.uk/firms/innovation/regulatory-sandbox",
      "source": {
        "title": "FCA: Regulatory Sandbox",
        "url": "https://www.fca.org.uk/firms/innovation/regulatory-sandbox",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "cbb-finhub",
      "url": "https://islamicopenfinance.com/directory/#cbb-finhub",
      "name": "FinHub 973 (Central Bank of Bahrain)",
      "category": "innovation-hub",
      "tier": "innovation",
      "tags": [
        "bh",
        "state"
      ],
      "sectors": [],
      "role": "A digital innovation platform by the CBB connecting financial institutions and fintechs under the central bank's supervision.",
      "parent": "cbb",
      "site": "https://www.cbb.gov.bh/fintech/",
      "source": {
        "title": "Central Bank of Bahrain: FinTech & Innovation",
        "url": "https://www.cbb.gov.bh/fintech/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "bursa-malaysia",
      "url": "https://islamicopenfinance.com/directory/#bursa-malaysia",
      "name": "Bursa Malaysia Berhad",
      "short": "Bursa Malaysia",
      "category": "market-infra",
      "tier": "rails",
      "tags": [
        "my",
        "ifsb-observer",
        "sukuk"
      ],
      "sectors": [],
      "role": "Malaysia's exchange holding company; listed by IFSB as an observer member.",
      "site": "https://www.bursamalaysia.com",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "cagamas",
      "url": "https://islamicopenfinance.com/directory/#cagamas",
      "name": "Cagamas Berhad",
      "short": "Cagamas",
      "category": "liquidity",
      "tier": "rails",
      "tags": [
        "my",
        "ifsb-observer",
        "sukuk",
        "liquidity"
      ],
      "sectors": [],
      "role": "The Mortgage Corporation of Malaysia; provides liquidity to the financial system and issues sukuk among its funding instruments.",
      "site": "https://www.cagamas.com.my",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "pidm",
      "url": "https://islamicopenfinance.com/directory/#pidm",
      "name": "Perbadanan Insurans Deposit Malaysia (Malaysia Deposit Insurance Corporation)",
      "short": "PIDM",
      "category": "deposit-insurance",
      "tier": "rails",
      "tags": [
        "my",
        "ifsb-associate",
        "state"
      ],
      "sectors": [],
      "role": "Deposit insurer of Malaysia; an IFSB associate member.",
      "site": "https://www.pidm.gov.my",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "lps",
      "url": "https://islamicopenfinance.com/directory/#lps",
      "name": "Lembaga Penjamin Simpanan (Indonesia Deposit Insurance Corporation)",
      "short": "LPS",
      "category": "deposit-insurance",
      "tier": "rails",
      "tags": [
        "id",
        "ifsb-associate",
        "state"
      ],
      "sectors": [],
      "role": "Deposit insurer of Indonesia; an IFSB associate member.",
      "site": "https://lps.go.id",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    },
    {
      "id": "ndic",
      "url": "https://islamicopenfinance.com/directory/#ndic",
      "name": "Nigeria Deposit Insurance Corporation",
      "short": "NDIC",
      "category": "deposit-insurance",
      "tier": "rails",
      "tags": [
        "ng",
        "ifsb-full",
        "state"
      ],
      "sectors": [],
      "role": "Deposit insurer of Nigeria, covering deposit-taking institutions licensed by the CBN, including non-interest banks.",
      "site": "https://ndic.gov.ng",
      "source": {
        "title": "IFSB: Membership, list of members",
        "url": "https://www.ifsb.org/membership/",
        "checked": "2026-09-30"
      }
    }
  ]
}