The idea behind establishing IFAAS emerged from the founding partners’ passion to serve the Umma through safeguarding the Islamic financial industry and developing it into an inclusive, viable and efficient financial system.
IFAAS was founded in the UK as an advisory firm dedicated to Islamic finance. We started offering professional services to several financial institutions in the UK
With our aspiration to grow and serve a larger client base, we crossed the channel to France where we established our Paris office. The office played a lead role in the development of Islamic finance in France and several French speaking countries
IFAAS Bahrain was established as our hub to serve the growing number of clients across the GCC. At this point, we also started providing government advisory solutions to policy makers and regulators
We were awarded the world’s first EFICA (Ethical Finance Innovation Challenge Award) at the Global Islamic Economy Summit in Dubai for our innovative Mudaraba working capital product
Having established ourselves as the leading consultancy in Islamic finance policy advisory, we opened IFAAS Pakistan to strengthen our global operations and expand our outreach in Asia
IFAAS Morocco was opened in Casablanca as our fifth office, expanding our core team, focusing on growing our client base in North and West Africa, and strengthening our position as a first-class multilingual advisory firm first-class multilingual service provider
Our journey has just started. We aim to continue with our trailblazing tradition for decades to come